Export orders hit a four-month high, offering a silver lining as domestic demand falters under rising costs.
The increase in input costs led to the sharpest rise in output prices since October 2013, as manufacturers passed on additional freight, labour, and material costs to customers
India’s manufacturing growth slowed in November, with activity easing to its weakest level in 11 months, as price pressures and softer domestic demand weighed on the sector.
The HSBC India Manufacturing Purchasing Managers Index (PMI), compiled by S&P Global, came in at 56.5 for November, down from 57.5 in October and matching the level recorded in September. The latest reading, though firmly above the 50-point threshold indicating expansion, was below the preliminary flash estimate of 57.3, reflecting a more subdued rise in factory orders and production.
