World & BusinessPrivate-sector growth reportedly hits three-month high
The Economic Times reports stronger demand in manufacturing and services, with manufacturers seeing the bigger increase and stronger sales growth.
TLDR
Private-sector growth hit a three-month high, The Economic Times reports. The manufacturing purchasing managers' index (PMI) climbed to a seven-month high of 55.7 in September, up from 52.8 in August. Services activity increased to 55.8 from 54.1. Manufacturers' sales growth also reached a seven-month high and remained stronger than that of service providers.
Private-sector growth reportedly hits three-month high
The Economic Times reports stronger demand in manufacturing and services, with manufacturers seeing the bigger increase and stronger sales growth.
TLDR
Private-sector growth hit a three-month high, The Economic Times reports. The manufacturing purchasing managers' index (PMI) climbed to a seven-month high of 55.7 in September, up from 52.8 in August. Services activity increased to 55.8 from 54.1. Manufacturers' sales growth also reached a seven-month high and remained stronger than that of service providers.