India's manufacturing sector growth reached an eight-month low in September, with PMI dropping to 56.5.
India's manufacturing sector growth reached an eight-month low in September, with the Purchasing Managers' Index (PMI) dropping to 56.5 from 57.5 in August. This decline reflects a slowdown in factory production since June, potentially impacting the economy's expansion rate. While input cost inflation rose, the increase in prices charged was at a five-month low. Overall, new orders, output, and export growth have weakened, accompanied by reduced business sentiment and slower employment generation.
October 01, 2024
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