Factory Output Falls To 8-Mth Low In Sept

New Delhi: India’s manufacturing sector growth fell to an eight-month low in September amid softer increase in factory production, sales and new export orders, a monthly survey said on Tuesday.

The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) fell from 57.5 in August to 56.5 in September, registering the weakest pace of growth since January. In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction. “Momentum in India’s manufacturing sector softened in September from the very strong growth in the summer months.