India's manufacturing growth hits 12-month low in Dec

January 02, 2025 14:37

India's manufacturing sector growth fell to a 12-month low in December, as new business orders and production expanded at softer rates, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index was at 56.4 in December, down from 56.5 in November, indicating a weaker improvement in operating conditions. Despite the decline, the headline figure remained above its long-run average of 54.1 thereby signalling a robust rate of growth.

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