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India's manufacturing PMI eases to 3-month low in May
Mint Kolkata
|June 03, 2025
Output slows
Manufacturing activity dropped to a three-month low in May as growth in new orders and output softened, a private survey said on Monday.
The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.6 in May from 58.2 in April and 58.1 in March. India's manufacturing PMI was 56.3 in February and 57.7 in January. A reading above 50 indicates expansion.
"Although rates of increase in new orders and output retreated to three-month lows, they remained well above their respective long-run averages," the survey said.
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