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The Economic Times
The Economic Times
National

India's August private sector growth recovers slightly from over four-year low, PMI shows

BENGALURU: India's private sector activity edged slightly higher in ​August from an over ​four-year low as a rebound in services growth ​offset the weakest expansion in the factory industry in half a decade, a survey showed.

HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P ‌Global, rose ⁠to 54.6 ⁠in August from July's 52-month low of 54.3, higher than a Reuters ​poll median estimate of 54.3.

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