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India's PMI growth slows in September marking slowest growth in 2024
The Business Guardian
|September 24, 2024
India's combined output in the manufacturing and services sectors experienced a decline in September, with the HSBC Flash India Composite PMI Output Index falling to 59.3, down from 60.7 in August, according to the survey released on Monday.
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The survey also revealed a drop in the HSBC Flash India Manufacturing PMI, which slipped to 56.7 from 57.5 in August. It is a single-figure measure that assesses factory business conditions, factoring in new orders, output, employment, supplier delivery times, and inventory levels. The survey noted that while output and new orders continued to rise, the pace was th
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