The Nikkei Manufacturing PMI in India increased to 51.6 in April 2018 from 51.0 in the preceding month and beating market consensus of 51.3.
Output and new orders rose at faster paces and sentiment hit its highest since the implementation of the Goods and Services Tax in July 2017. Buying activity grew the most since January, and employment expanded marginally. Additionally, inflation continued to ease, with the softest increases for input costs and output charges reported since September 2017 and July 2017 respectively. Manufacturing PMI in India is reported by Markit Economics.
