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Asian Economic News

India Manufacturing Sector Growth Slows In November

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

India's manufacturing activity improved at a softer pace in November, survey results from IHS Markit showed on Tuesday.

The headline IHS Markit manufacturing Purchasing Managers' Index, or PMI, fell to 56.3 in November from 58.9 in October. The reading was the lowest in three months.

Economists had expected a fall to 57.3. Any reading above 50 indicates expansion in the sector.

New order growth was the slowest in three months in November. Demand from abroad increased. Production increased amid an easing in the Covid-19 restrictions and an improvement in market conditions.

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