India Manufacturing PMI Edges Higher to 54.7 in April
India's manufacturing PMI rose to 54.7 in April but stayed near a four-year low as war-driven costs weighed on demand. Hiring reached a ten-month high.
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India manufacturing PMI rose to 54.7 in April, up from 53.9 in March but missing preliminary estimates of 55.9. The reading marks a modest recovery from a 45-month low as war-driven costs weighed on factory activity. Investors should monitor how rising fuel prices and regional conflict impact profit margins despite a 10-month high in hiring.
