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India’s private-sector growth slows to six-month low in November
India’s flash composite PMI slipped to **59.9** in November, its weakest reading in six months, with the manufacturing index falling to 57.4 — a nine-month low.
Export orders contracted and business sentiment hit its lowest since July 2022, as firms cited weak global demand and domestic headwinds. Although the services PMI remained at a healthy 59.5, the slowdown underscores pressure on India’s growth momentum and strengthens expectations for a monetary policy easing by the Reserve Bank of India soon.
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- economy
- india
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Reuters• By Harsh Ranjan
Explore:Mutual Fund AI Screening
neutral
India’s private-sector growth slows to six-month low in November
India’s flash composite PMI slipped to **59.9** in November, its weakest reading in six months, with the manufacturing index falling to 57.4 — a nine-month low.
Export orders contracted and business sentiment hit its lowest since July 2022, as firms cited weak global demand and domestic headwinds. Although the services PMI remained at a healthy 59.5, the slowdown underscores pressure on India’s growth momentum and strengthens expectations for a monetary policy easing by the Reserve Bank of India soon.
Tags:
- economy
- india
Related:
Reuters• By Harsh Ranjan
Explore:Mutual Fund AI Screening
1 min read
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India’s PMI slips to six-month low as manufacturing falters and export orders shrink.
India’s flash composite PMI slipped to **59.9** in November, its weakest reading in six months, with the manufacturing index falling to 57.4 — a nine-month low.
Export orders contracted and business sentiment hit its lowest since July 2022, as firms cited weak global demand and domestic headwinds. Although the services PMI remained at a healthy 59.5, the slowdown underscores pressure on India’s growth momentum and strengthens expectations for a monetary policy easing by the Reserve Bank of India soon.
India’s flash composite PMI slipped to **59.9** in November, its weakest reading in six months, with the manufacturing index falling to 57.4 — a nine-month low.
Export orders contracted and business sentiment hit its lowest since July 2022, as firms cited weak global demand and domestic headwinds. Although the services PMI remained at a healthy 59.5, the slowdown underscores pressure on India’s growth momentum and strengthens expectations for a monetary policy easing by the Reserve Bank of India soon.
Tags:
- economy
- india
- economy
- india
- pmi
- manufacturing
- rbi
Related: