India manufacturing at a 13-month high

September 1, 2016 6:24 AM

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NEW DELHI--A gauge of manufacturing activity in India rose to its highest level in 13 months in August as demand strengthened both at home and overseas.

The seasonally-adjusted India Manufacturing Purchasing Managers' Index rose to 52.6 from 51.8 in July, survey figures released by IHS Markit and Nikkei showed Thursday. A figure above 50 indicates expansion while a reading below that signals contraction.

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