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India’s Private Sector Growth Eases to Six-Month Low in November
India’s private sector activity slowed in November to its weakest in six months, with the composite PMI dipping to 59.9 from 60.4 in October. The manufacturing PMI plunged to a nine-month low of 57.4, weighed down by softer new business orders and global competition, while services activity rose to 59.5.
Export demand slipped to its weakest pace since March, cutting into job-creation prospects. With consumer inflation hitting a record low of 0.25 %, expectations are growing for an imminent policy rate cut by the Reserve Bank of India to support growth momentum.
Tags:
- economy
- india
Reuters• By Harsh Ranjan
Explore:Mutual Fund AI Screening
neutral
India’s Private Sector Growth Eases to Six-Month Low in November
India’s private sector activity slowed in November to its weakest in six months, with the composite PMI dipping to 59.9 from 60.4 in October. The manufacturing PMI plunged to a nine-month low of 57.4, weighed down by softer new business orders and global competition, while services activity rose to 59.5.
Export demand slipped to its weakest pace since March, cutting into job-creation prospects. With consumer inflation hitting a record low of 0.25 %, expectations are growing for an imminent policy rate cut by the Reserve Bank of India to support growth momentum.
Tags:
- economy
- india
Reuters• By Harsh Ranjan
Explore:Mutual Fund AI Screening
1 min read
91 words
India’s November PMI slipped, manufacturing slowed and exports weakened even as inflation fell sharply.
India’s private sector activity slowed in November to its weakest in six months, with the composite PMI dipping to 59.9 from 60.4 in October. The manufacturing PMI plunged to a nine-month low of 57.4, weighed down by softer new business orders and global competition, while services activity rose to 59.5.
Export demand slipped to its weakest pace since March, cutting into job-creation prospects. With consumer inflation hitting a record low of 0.25 %, expectations are growing for an imminent policy rate cut by the Reserve Bank of India to support growth momentum.
India’s private sector activity slowed in November to its weakest in six months, with the composite PMI dipping to 59.9 from 60.4 in October. The manufacturing PMI plunged to a nine-month low of 57.4, weighed down by softer new business orders and global competition, while services activity rose to 59.5.
Export demand slipped to its weakest pace since March, cutting into job-creation prospects. With consumer inflation hitting a record low of 0.25 %, expectations are growing for an imminent policy rate cut by the Reserve Bank of India to support growth momentum.
Tags:
- economy
- india
- economy
- india
- pmi
- manufacturing
- services