NEW DELHI: Manufacturing activity softened in Nov as export orders eased due to the impact of US tariffs while job creation in the sector slowed to a 21-month low, a survey showed on Monday. Registering 56.6 in Nov, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) was above the neutral mark of 50.0 and its long-run average of 54.2. Falling from 59.2 in Oct, however, the latest figure highlighted the slowest improvement in operating conditions since Feb. The 50-point mark separates expansion from contraction in the survey conducted from responses to a questionnaire sent to 400 manufacturing sector firms.Manufacturers noted a substantial upturn in order book volumes. tnn
