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Manufacturing growth hits nine-month low in November as US tariffs weigh on exports, GST rate cut boost fades
(03-Dec-2025, 14:45 Hours IST)  
Manufacturing sector activity slowed down to a nine-month low in November as'US tariffs'dragged down export orders with the goods and services tax (GST) rate cut impact also fading, showed a private survey on Monday. The headline HSBC purchasing managers index (PMI) for November, compiled by S&P Global, fell sharply to 56.6 from 59.2 in October.

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