Monday, December 2, 2024
HomeBusinessPMI slips to 56.5 but remains firmly in expansionary territory

PMI slips to 56.5 but remains firmly in expansionary territory

New Delhi [India], December 2 (ANI): India’s manufacturing sector demonstrated resilience in November despite headwinds owing to price pressures and fierce competition. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index™ (PMI) stood at 56.5, down from October’s 57.5, marking a joint 11-month low. However, the figure remained well above the long-run average, signalling sustained […]

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