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Nov Mfg PMI hits 9-mth low on US tariff woes
Business Standard
|December 02, 2025
Manufacturing sector activity slowed to a nine-month low in November as US tariffs dragged down export orders with the goods and services tax (GST) rate cut impact also fading, showed a private survey on Monday.
The headline HSBC purchasing managers index (PMI) for November, compiled by S&P Global, fell sharply to 56.6 from 59.2 in October. Earlier in February, the headline manufacturing PMI had stood at 56.3.
Pranjul Bhandari, chief India economist at HSBC, said that India’s final November PMI confirmed that US tariff caused the manufacturing expansion to slow. The new export orders PMI fell to a 13-month low.
Cette histoire est tirée de l'édition December 02, 2025 de Business Standard.
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