neutral
India’s November PMI Shows Broader Slowdown Led by Weaker Manufacturing
India’s composite PMI eased to 59.9 in November compared to 60.4 in October, reflecting a slower pace of expansion. Manufacturing PMI dropped to a nine-month low of 57.6 from 59.2, with survey participants noting weather disruptions and heightened pricing competition from international suppliers. Meanwhile, services PMI improved to 59.5 from 58.9, cushioning the overall decline. Export orders expanded at their slowest pace since March, influenced partly by recent tariff developments.
Tags:
- PMI
- economy
neutral
India’s November PMI Shows Broader Slowdown Led by Weaker Manufacturing
India’s composite PMI eased to 59.9 in November compared to 60.4 in October, reflecting a slower pace of expansion. Manufacturing PMI dropped to a nine-month low of 57.6 from 59.2, with survey participants noting weather disruptions and heightened pricing competition from international suppliers. Meanwhile, services PMI improved to 59.5 from 58.9, cushioning the overall decline. Export orders expanded at their slowest pace since March, influenced partly by recent tariff developments.
Tags:
- PMI
- economy
1 min read
70 words
India’s composite PMI slipped to 59.9 in November as manufacturing cooled sharply, though services activity strengthened and partially offset broader weakness.
India’s composite PMI eased to 59.9 in November compared to 60.4 in October, reflecting a slower pace of expansion. Manufacturing PMI dropped to a nine-month low of 57.6 from 59.2, with survey participants noting weather disruptions and heightened pricing competition from international suppliers. Meanwhile, services PMI improved to 59.5 from 58.9, cushioning the overall decline. Export orders expanded at their slowest pace since March, influenced partly by recent tariff developments.
India’s composite PMI eased to 59.9 in November compared to 60.4 in October, reflecting a slower pace of expansion. Manufacturing PMI dropped to a nine-month low of 57.6 from 59.2, with survey participants noting weather disruptions and heightened pricing competition from international suppliers. Meanwhile, services PMI improved to 59.5 from 58.9, cushioning the overall decline. Export orders expanded at their slowest pace since March, influenced partly by recent tariff developments.
Tags:
- PMI
- economy
- PMI
- economy
- manufacturing
- services
- India