Nov economic activity sluggish, shows Flash PMI

MANUFACTURING INDEX SLIPS

- ANUP ROY

INDIA'S ECONOMIC ACTIVITY slowed in November, weighing on job creation, a flash survey by HSBC Holdings showed, as the US’ steep tariffs continued to pinch the country.

The manufacturing purchasing managers’ index slipped to 57.4 from 59.2 in October, while the services purchasing managers’ index climbed to 59.5 from 58.9 last month. That pushed the composite index down to 59.9 this month compared with 60.4 in October.