India's Manufacturing PMI Hits 8-Month Low in October

2023 • 5min • News • Business


Published On: November 01, 2023 - India's manufacturing sector activity is at an 8-month low. The PMI mark went down to 55.5 in October from 57.5 in September. However, the PMI is still above the long-run average of 53.9. In addition, the business sentiment is at a 5-month low, while the job creation rate is at a 6-month low. Join News9's Shweta Kothari and Teresa John, Deputy Head of Research, Lead Economist, Nirmal Bang, for more on this story.