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.
Diese Geschichte stammt aus der November 02, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der November 02, 2023-Ausgabe von Financial Express Mumbai.
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