India, Oct. 1 -- India's manufacturing sector activity eased in September, as growth in new orders, output, and input purchases moderated, while job creation fell to a one-year low, according to a monthly survey released Wednesday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) dropped to 57.7 in September from 59.3 in August, signaling the slowest expansion in the sector since May. Despite this moderation, business optimism remains supported by recent tax relief measures.
For context, a PMI reading above 50 indicates expansion, while a score below 50 denotes contraction.
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