Data● Neutral for Indian equities
India's industrial output flags gap between textiles, apparel manufacturing
The brief
- August industrial output showed robust growth, led by manufacturing, but exposed a gap between textiles and apparel
- Manufacturing momentum matters for Indian industrial and consumer-goods companies
- Textile output surges, but apparel production stays in the red. What’s driving the divergence?
- Eurozone manufacturing PMI reaches four-year high of 52.9 in September
- Manufacturing PMI recovers in September amid higher output and job growth
- India manufacturing PMI hits seven-month high of 55.1 in September
- Output, wages, GVA... manufacturing sector is on a roll: GVA grows 9.6% to Rs 26.9 lakh crore; sector adds 1.4 mn workers