Country’s manufacturing sector reaches 4 month high at 53.9%

Q.  SBI composite index for measuring manufacturing activity stood at a 4 month high on 22nd September 2015 at:
- Published on 23 Sep 15

a. 52.9
b. 53.9
c. 54.9
d. 55.9

ANSWER: 53.9
 
Country’s manufacturing sector has grown on an annual basis in September, even as mining and electricity are acting as drag on economic activity. SBI composite index for measuring manufacturing stood at a 4 month high at 53.9 compared to 53.4 in the same period in 2014. But the monthly index declined to 48.4 in September from 53.1 in the month of August. Upturn has been boosted by manufacturing while mining and electricity are creating obstacles for economic growth. There are signs of growth in certain industries such as basic metals, petrochemicals and drugs and pharma.

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