According to Bloomberg News, a survey by HSBC Holdings revealed that India’s manufacturing Purchasing Managers’ Index (PMI) declined in September to 58.5, down from 59.3 in August. Meanwhile, the services sector PMI dropped to 61.6 from 62.9 over the same period. n nThe composite PMI, which reflects overall private-sector activity, fell to 61.9 in September from 63.2 in the previous month. Readings above 50 indicate expansion in economic activity, while those below 50 suggest contraction. n nThese figures reflect business sentiment and are based on preliminary results from monthly surveys of executives. Final PMI data may be revised when official figures are released next month. n— news from Sky News Arabia
— News Original —nTrump Tariffs Slow India’s Economic Activity in Current MonthnBloomberg News reported that an HSBC Holdings bank survey showed India’s manufacturing Purchasing Managers’ Index (PMI) declined in September to 58.5 points from 59.3 points in August, while the services sector PMI dropped to 61.6 points from 62.9 points during the same period. n nAt the same time, India’s composite PMI declined to 61.9 points from 63.2 points in August. n nIt should be noted that a PMI reading above 50 points indicates economic sector growth, while a reading below 50 points indicates contraction. n nThese indicators reflect business institutions’ confidence in the economy, based on the preliminary results of their monthly opinion polls. n nThese data may be adjusted when the final Purchasing Managers’ Index results are published next month.