Inde PMI manufacturier

The HSBC India Manufacturing PMI fell to 57.3 in November 2024, slightly down from 57.5 in October, a preliminary estimate showed. The latest reading indicates sustained strong performance in factory activity, partly driven by faster expansion in new orders and output. Manufacturing firms also recorded an increase in international sales, continuing their robust performance from the previous month. Meanwhile, Indian manufacturers noted rising price pressures on raw materials such as aluminum, cotton, leather, and rubber. As a result, businesses passed on some of the costs to clients, leading to an acceleration in output charge inflation.