Manufacturing Sector

December 2, 2024 9:07 PM

India’s manufacturing PMI dips to 56.5 in November but remains in expansion zone

India's manufacturing sector showcased resilience in November despite mounting cost pressures and fierce competition. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) stood at 56.5, slipping from October's 57.5 and matching an 11-month low. However, the PMI remained well above the 50-mark threshold, signaling continued expansion in the sector. A robust demand environment drove growth in sales and output, but escalating costs and competitive pressures tempered th...

China’s manufacturing sector continues to struggle despite effort to revive economy

China's manufacturing sector has recorded its third consecutive month of decline in July, signaling persistent economic challenges despite recent government efforts to stimulate growth in the world's second-largest economy. The National Bureau of Statistics reported on Wednesday that the manufacturing Purchasing Managers' Index (PMI) for July fell to 49.4, down from 49.5 in June. This marks a five-month low and remains below the crucial 50-point threshold that separates growth from contraction....