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Growth in production level drives manufacturing PMI expansion in October

The Purchasing Managers Index (PMI) of the manufacturing sector expanded faster to 58.2 points in October from 57.7 points in September, driven by the production level which grew by 59.3 index points this month. Similarly, composite PMI for the non-manufacturing sector stood at 58.2 points in October 2019, indicating expansion in the non-manufacturing PMI for…

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