India's private sector PMI falls to 10-month low
pre-market1 source ↓written by the desknot a recommendation
- marking
- 10-month low
India's private sector activity weakened in December, with the PMI dropping to 58.9 from 59.7 in November, marking a 10-month low. This slowdown reflects a decline in new orders and hiring, despite a rise in export business. The data indicates that while growth remains robust, inflation pressures are muted, suggesting cautious market sentiment ahead.
• New orders slowed significantly
• Hiring near standstill
• Manufacturing PMI at weakest rate in two years
Not investment advice. For informational purposes only.