Key Points
New Delhi: Indias manufacturing activity fell to an 18-month low in December due to the softening of new orders and output, a private survey said on Wednesday..
According to the HSBC India Manufacturing Purchasing Managers' Index (PMI), which is compiled by S&P Global, India's manufacturing PMI fell to 54.9 in December from 56 in November and 55.5 in October..
In October, India's manufacturing activity recorded its slowest rate of expansion since February..
The latest PMI numbers, based on a survey of 400 manufacturers, come a month after data showed that the Indian economy grew at an impressive 7.6% in the second quarter on the back of higher government spending and strong performance in the manufacturing, mining and construction sectors. ..
The rate of manufacturing expansion fell to its lowest level since October 2022 even as it remained above its long-term average, the HSBC India PMI survey said..
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