In September, the manufacturing PMI was at 57.5, the lowest in five months.
However, the latest print also bears out the sector is still firmly in the expansion zone.
"Growth eased to an eight-month low, however, weighed by competitive pressures and weak demand at some plants. Granular data highlighted a particularly marked slowdown in the consumer goods sub-sector," S&P Global said in a release.
The manufacturing PMI measures the change in manufacturing activity in the country; a reading above 50 denotes an expansion in activity as compared to the previous month, while a reading below that signals contraction.
هذه القصة مأخوذة من طبعة November 02, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 02, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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