India Nikkei/IHS Markit August mftg PMI now out 1 Sept
- vs 49.3 exp
- biggest 1 month rise in 5 1/2 years
A welcome return into positive territory after last month's tumble.
Say IHS/Markit:
"In July firms indicated that orders production and purchasing had been postponed due to lack of clarity about the new tax regime but they have now been resumed as manufacturers, suppliers and their clients have become more knowledgeable of the GST rates."
USDINR 63.9675
