India’s Factory Growth Eases in September but Remains Strong – PMI

India’s Factory Growth Eases in September but Remains Strong – PMI

India’s factory growth eased in September but remained strong, according to the latest Purchasing Managers’ Index (PMI) report. The PMI, which measures the performance of the manufacturing sector, dropped slightly to XX.X in September from XX.X in the previous month. While the pace of expansion has slowed, it is still above the 50.0 threshold that indicates growth. This suggests that the Indian manufacturing sector is still experiencing positive growth, albeit at a slightly slower pace. The report also highlighted that new orders, output, and employment in the sector continued to grow, although at a slower rate compared to the previous month. The easing in factory growth can be attributed to various factors, including supply chain disruptions and the impact of COVID-19 on the economy. Despite the slowdown, the PMI report indicates that the Indian manufacturing sector remains resilient, providing a positive outlook for the country’s economic recovery.

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TIS Staff

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