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May Factory Activity Hits 3-Month Low
Financial Express Chandigarh
|June 03, 2025
Cost inflation climbs to a 6-month high
The rates of increase in new orders and manufacturing output retreated to a three-month low in May as competition, inflation and the India-Pakistan conflict reportedly weighed on growth, according to a survey by HSBC Holdings.
Falling from 58.2 in April to 57.6 in May, the seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) highlighted the weakest improvement in operating conditions since February. The headline figure was nevertheless well above both the neutral mark of 50 and its long-run average of 54.1.
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