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Rising heat cools mfg PMI to 3-mth low as input costs bite

By Economic Times - 6 months ago
Manufacturing activity decreased to 57.5 in May from 58.8 in the previous month due to heatwaves and rising costs, as per a private survey by HSBC. The sector saw a softer rise in new orders and output, impacting work hours and production volumes for manufacturing firms.

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