PMI slips to 56.5

Mon, 02 December 2024

16:23

India's manufacturing sector demonstrated resilience in November despite headwinds owing to price pressures and fierce competition. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index¢ (PMI) stood at 56.5, down from October's 57.5, marking a joint 11-month low. However, the figure remained well above the long-run average, signalling sustained expansion in the sector.

TOP STORIES

LIVE! Iranian force fires warning shots at tanker; Indian crew safe

Putin meets Araghchi, offers support for peace in West Asia

Russian President Vladimir Putin has offered his support to help bring peace to West Asia, praising the Iranian people for their resilience. This comes as Iran seeks to resolve the conflict with the US, following discussions with...

Key Lashkar figure Yousaf Afridi shot dead in Pakistan

Sheikh Yousaf Afridi, a key Lashkar-e-Taiba figure and close associate of Hafiz Saeed, was shot dead by unidentified gunmen in Pakistan's Khyber Pakhtunkhwa, police said.

'Nida Khan forced ST victim to wear burqa, adopt Muslim name'

A court in Maharashtra's Nashik district on Monday fixed May 2 for giving its verdict on the anticipatory bail plea filed by TCS employee Nida Khan, an accused in a case related to alleged sexual harassment and forcible religious...

38 ships turned back as US tightens Iran blockade

The United States Central Command (CENTCOM) has announced that American forces are maintaining a strict maritime restrictive operation in the region, continuing to enforce a blockade against Iranian ports.