December PMI data: Services growth cools down to 11-month low; hiring momentum weakens at year end
India’s private sector growth moderated in December, with both services and manufacturing sectors experiencing slower expansions. Softer demand, subdued hiring, and rising market uncertainty contributed to multi-month lows in growth pace. Despite this, export demand showed improvement, and inflation remained benign.🕒 1 min read
India’s private sector growth moderated in December, with both services and manufacturing sectors experiencing slower expansions. Softer demand, subdued hiring, and rising market uncertainty contributed to multi-month lows in growth pace. Despite this, export demand showed improvement, and inflation remained benign.
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