India's Manufacturing Sector Growth Falls to Three-Month Low in May
India's manufacturing sector growth fell to a three-month low in May, restricted by inflationary pressures, softer demand and heightened geopolitical conditions, a monthly survey said on Monday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell from 58.2 in April to 57.6 in May, highlighting the weakest improvement in operating conditions since February.
In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
May data indicated another robust improvement in business...
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