Manufacturing PMI climbs to 17-year high of 59.2 in July

India's private sector showed strength in July. The Composite Output Index stayed above 60. Manufacturing recorded a 17-year high, outpacing services. Sales and export orders grew. International orders surged, driven by global demand. Job creation slowed, and inflationary pressures increased. Business sentiment declined, but firms remained optimistic about future output growth. Input costs and output charges also rose in July.