Why in news Manufacturing activity in India’s private sector showed improvement in October, after three months of slowdowns, as per the H...
Why in news
Manufacturing activity in India’s private sector showed improvement in October, after three months of slowdowns, as per the HSBC India Manufacturing Purchasing Managers’ Index (PMI)
The PMI rose to 57.5 in October, indicating expansion (a reading above 50 signifies growth).
Fresh export orders picked up in October, especially from markets in Asia, Europe, Latin America, and the U.S..
There was a rise in production, driven by demand for consumer and investment goods.
Input costs increased, particularly due to freight, labor, and material costs, leading to higher output prices.
About 10% of firms increased staff and scaled up inventories in anticipation of future demand.
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