India's manufacturing sector growth fell to a joint 11-month low of 56.5 in November, restricted by competitive conditions and inflationary pressures amid a softer increase in factory orders, a monthly survey said on Monday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in October to 56.5 in November, signalling a softer improvement in the health of the sector. However, the pace of growth remained above its long-run average.
In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
This story is from the December 03, 2024 edition of The Free Press Journal.
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This story is from the December 03, 2024 edition of The Free Press Journal.
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