INDIA'S MANUFACTURING PMI AT 18-MONTH LOW IN DEC AT 54.9, ON LESSER NEW ORDERS
The Business Guardian|January 04, 2024
Though the expansion in manufacturing activity fell from 56.0 in November, the sector’s performance remained above the critical threshold of 50, which signifies expansion and has been maintained for the 30th consecutive month
NIVEDITA MUkHERJE
INDIA'S MANUFACTURING PMI AT 18-MONTH LOW IN DEC AT 54.9, ON LESSER NEW ORDERS

India India's manufacturing Lsector growth in December 2023, measured by the HSBC India Manufacturing Purchasing Managers' Index (PMI), registered an 18-month low of 54.9 in December, with growth reportedly curbed by fading demand for certain types of products.

In a similar vein to the trend for output, new orders placed with Indian manufacturers rose sharply but to a lesser extent in December. The pace of expansion was the slowest seen in a year and a half. According to the seasonally adjusted HSBC India PMI data, a general lack of pressure on the capacity of manufacturers at the end of the third fiscal quarter was evidenced by only a marginal uptick in outstanding business volumes.

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The Business Guardian

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The Business Guardian

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The Business Guardian

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The Business Guardian

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