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flag India's manufacturing sector growth slowed to a three-month low of 57.5 in May due to heatwaves and rising costs.

flag India's manufacturing sector experienced slower growth in May, reaching a three-month low of 57.5, down from 58.8 in April. flag The slowdown was attributed to heatwaves and rising production costs. flag Despite this, the manufacturing sector still expanded and saw new export orders rise at their highest level in 13 years, driven by strong international sales. flag Manufacturing employment rose to one of the highest levels since 2005, and positive sentiment among firms led to increased job creation. flag However, rising material and freight costs led to a squeeze in manufacturing margins.

11 months ago
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