New Delhi, Jan. 2 -- India's manufacturing sector continued to expand in December, albeit at a slower pace, as the HSBC Manufacturing Purchasing Managers' Index (PMI) slipped to 55.0 from 56.6 in November, marking its lowest level in 38 months, data released by S&P Global showed.
Despite the decline, the index remained well above the 50 threshold that separates growth from contraction, indicating that overall operating conditions in the sector stayed positive.
New business orders continued to rise at a strong pace in December, though the rate of growth was the weakest since December 2023.
Factory output also expanded, but at its slowest pace since October 2022. The moderation in growth led manufacturers to adopt a more cautious approach ...