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.

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