79: Flat GST revenues put improved manufacturing data in the shade

Mark to Market

English - September 03, 2020 08:42 - 5 minutes - 4.75 MB
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Soon after the 24% decline in the GDP data for the June quarter, came the soothing manufacturing PMI reading for August. PMI bounced back to the expansion zone but the improvement looks pale in the backdrop of the stagnant GST revenues.