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India's Mfg PMI Eases to Three-Month Low in May
Hindustan Times Navi Mumbai
|June 03, 2025
India's manufacturing sector activity dropped to a three-month low in May as growth in new orders and output softened, a private survey showed on Monday.
NEW DELHI:
The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.6 in May from 58.2 in April and 58.1 in March. India's manufacturing PMI was 56.3 in February and 57.7 in January.
A reading above 50 indicates expansion. "Although rates of increase in new orders and output retreated to three-month lows, they remained well above their respective long-run averages," the survey said. "Panelists suggested demand strength continued to support sales and production, though competition, inflation and the India-Pakistan conflict reportedly weighed on growth."
In May, India and Pakistan were locked in a sharp four-day border conflict, marked by heavy shelling and multiple casualties, after tourists were killed in Kashmir in an attack allegedly carried out by Pakistan-backed terrorists.
This story is from the June 03, 2025 edition of Hindustan Times Navi Mumbai.
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