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Sep manufacturing PMI dips—exports rise. Are they blips?
Mint New Delhi
|October 02, 2025
Hit and miss Soft domestic demand pushed headline manufacturing PMI to a four-month low in September, but exports rose.
Business activity in India’s manufacturing sector has lost a bit of momentum. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) hit a four-month low of 57.7 in September from 59.3 in August. New orders, output and input buying rose at the slowest rates since May, while job creation retreated to a one-year low, said the PMI survey.
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