Mint Explainer: Why factory production is at a three-month high
Global Market Intelligence, said in the survey. "Companies' strategic focus towards a global orientation were evident via a sharp and quicker expansion in international sales.
Export-centric tactics should help ensure that production remains on an upward path in the coming months," she added. The S&P survey said that a quicker increase in input costs contrasted with a softer uptick in factory gate charges during August, with the latter rising at its slowest pace in four months.
Cost inflation rose to its highest level in a year, forcing companies to pay more for cotton, foodstuffs, rubber, steel and spare parts for machines. Hence, bigger marketing budgets, better customer relations, stronger demand and a healthy number of client enquiries underpin upbeat production forecasts among manufacturers for the year ahead.
. Read more on livemint.com
