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Britain’s manufacturing sector emerged from its longest decline since the financial crisis last month, after a boost from December’s election result, though weak European demand and Brexit concerns muted the optimism, a survey showed on Monday.
Production growth of India’s manufacturing sector eased in March amid export decline, PMI survey report showed. Accordingly, the headline seasonally adjusted IHS Markit India Manufacturing PMI grew at the slowest rate for four months in March,
The global manufacturing activity expanded in July, adding to hopes the sector is emerging from the hit of the coronavirus pandemic.
The IHS Markit Purchasing Managers' Index (PMI) rose to 53.1 last month from 51.9 in July, climbing further above the 50 mark that separates growth from contraction and posting the highest reading since June 2018.