PMI Manufacturing drops to 18-month low of 54.9 in December
India’s manufacturing activities continued to expand in December 2023.
As per data released by S&P Global on Wednesday, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) slipped to an 18-month low of 54.9 in December last year from 56.0 in the previous month.
A PMI print below 50 means contraction, while one above it indicates expansion.