THE manufacturing activity has reported its weakest reading of 2024 in December, with the manufacturing purchasing managers index (PMI) falling to 56.4, down from 56.5 in November. Yet the sector remained in the expansion mode throughout the year gone-by, according to the data from an analysis by a private agency.
Final reading is surprising as this came in a month when the cost pressures have eased and strong job growth was reported, yet demand was softer in the sector, HSBC India said on Thursday.
This story is from the January 03, 2025 edition of The New Indian Express Thiruvananthapuram.
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This story is from the January 03, 2025 edition of The New Indian Express Thiruvananthapuram.
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