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Manufacturing activity expands at fastest pace in 8 years in September: PMI

The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, jumped to 56.8 in September from 52.0 in August

Agnes T Crane & Neil Unmack

India's factory activity expanded at its fastest pace in over eight years in September as a relaxation in coronavirus lockdown restrictions drove a surge in demand and output, a private survey showed on Thursday, though layoffs continued. Signs of recovery are welcome news for Asia's third-largest economy, which is widely expected to mark its first full-year contraction since 1979 this year. The pandemic is spreading in India at the fastest pace in the world.   The Nikkei Manufacturing Purchasing ...