New Delhi, Dec. 16 -- The HSBC Flash India Composite Output Index fell to 58.9 in December from 59.7 in November, growing at its slowest pace since February, said data released by S&P Global on Tuesday.
This seasonally adjusted index tracks month-on-month changes in the combined output of the two sectors indicated a slower rate of expansion.
Both manufacturing and service sectors witnessed muted growth in business activity, the report said. The manufacturing sector logged its weakest improvement in the last two years as growth in output and new orders slowed in December. The index fell to 55.7 from 56.6 in November.
The data measures the combined performance of India's manufacturing and services sectors. The overall growth remained stron...