New Delhi, Oct. 3 -- The HSBC PMI data for September highlighted continued growth across India's manufacturing industry, albeit with a mild loss of momentum, a monthly survey of HSBC said.
"New orders, output and input buying all rose at the slowest rate since May, while job creation retreated to a one-year low. Still, companies were strongly confident regarding the outlook for production, with changes in GST (goods and services tax) rates boosting optimism," said HSBC.
"At 57.7 in September, down from 59.3 in August, the seasonally adjusted HSBC India Manufacturing Purchasing Manager's Index (PMI)--a single-figure indicator of sector performance-- pointed to the weakest improvement in the health of the sector since May. That said, regist...