THE manufacturing sector activities declined in November, restricted by competitive conditions and inflationary pressures amid a softer increase in factory orders, a monthly survey said on Monday.
The purchasing managers index (PMI) plunged to an 11-month low of 56.5. In the previous month, the index had stood at 57.5, yet the reading does not indicate contraction as it's still strong above 50. This comes days after the government had said the economic growth slumped to a seven-quarter low of 5.4% in the September quarter, leading to a rash of growth downgrades ranging from a low of 6% to 6.8% for the full fiscal.
Esta historia es de la edición December 03, 2024 de The Morning Standard.
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Esta historia es de la edición December 03, 2024 de The Morning Standard.
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