
India's manufacturing PMI slips to 8-month low
The latest PMI reading remains above its long-run average of 53.9.
The latest PMI reading remains above its long-run average of 53.9.
New orders, the largest sub-component of the PMI, rose at a softer pace in September.
The growth in new export business picked up to the fastest in nine months, since November last year
Positive demand dynamics and greater labour costs pushed charge inflation to a 13-month high.
S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 57.2 in April to 58.7 in May
The country's manufacturing PMI for March stood at 56.2, in February it was 55.3 and in January it was 53.7.
However, the PMI average for the fourth quarter for FY23 stood at 55.7, as against 56.3 in Q3 of FY23.
CEA's provisional data up to November 2022 shows the total energy requirement was 1017 BU and the availability was 1012 BU, a fall of just 5,691 million units or -0.6%.
The country's manufacturing sector continued to perform well in November.
The country’s manufacturing PMI surged to 55.3 in October, as compared to 55.1 in September, thus indicating a stronger improvement in the health of the sector.