India's factory growth cooled to eight-month low in September, PMI shows

Quick Summary:

India's manufacturing growth slowed to an eight-month low in September due to weakening demand and output, although it has stayed above the contraction threshold since July 2021.

New orders grew at the slowest pace since December, while export growth fell to its lowest in 18 months.

New orders - a key gauge of demand - grew at the weakest pace since December, though were still robust, while output was at an eight-month low.

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Article Details

Author / Journalist: Reuters

Category: EconomyBusiness

Markets: IndiaOman

Topics: India factory growth Manufacturing PMI Economic growth HSBC India Manufacturing Factory production Input cost inflation Business news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 13:03:59 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 661 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22831394

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