India Posts Weakest Economic Activity This Year, PMIs Show
- Expansion in both services and manufacturing sectors slowed
- Rise in employment in service sector was steepest in two years
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India’s economic activity in September slowed to the weakest pace this year following a drop in both the services and manufacturing sectors, a flash survey by HSBC Holdings Plc showed.
The manufacturing purchasing managers’ index declined to 56.7 from 57.5 in August, while the services purchasing managers’ index dropped to 58.9 from 60.9 in the previous month. The composite PMI fell to 59.3 from 60.7 the previous month.