As the PMI drops to a nine-month low, India loses its top manufacturing position
India relinquished its title as the world’s fastest-growing major industrial economy in November, as factory activity dropped more abruptly than predicted. The HSBC Manufacturing Purchasing Managers’ Index had one of the region’s worst month-over-month falls, falling from 59.2 in October to 56.6, a nine-month low. The decline was sufficient for Thailand to surpass India at … Read more