New Delhi, Nov. 8 -- India's manufacturing output grew at its slowest pace in two years in October, indicating continued weakness in industrial activity in Asia's third-largest economy, according to a private survey released on Friday, 1 November.
The seasonally adjusted IHS Markit India manufacturing purchasing managers' index (PMI), based on a survey of 400 producers, fell from 51.4 in September to a two-year low of 50.6 in October, narrowly avoiding slipping into contraction, the market information supplier said in a statement.
A figure above 50 indicates expansion and one below 50 indicates contraction. The survey tracks new orders, output, jobs, suppliers' delivery time and stocks of purchases.
The cooling of manufacturing condition...