India's manufacturing sector slows amid rising oil costs
pre-market1 source ↓written by the desknot a recommendation
- in March
- 53.9
- in February
- 56.9
India's manufacturing sector growth slowed to 53.9 in March from 56.9 in February, marking the weakest pace in nearly four years. Disruptions from the Middle East conflict and rising oil prices are driving up input costs and impacting demand. However, export orders reached a six-month high, indicating some resilience in the sector. 📉
• New orders and output expanded at their slowest rate in years.
• Firms reported the highest cost pressures since August 2022.
Traders should monitor these trends as they may influence market sentiment.
Not investment advice. For informational purposes only.