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HBL manufacturing PMI edges down to a six-month low
The seasonally adjusted HBL Pakistan Manufacturing Purchasing Managers’ Index, compiled by S&P Global, edged down to 50.8 in October from 50.9 in September. The reading remains above the 50.0 mark that separates growth from contraction, but points to only a marginal improvement in operating conditions. At the same time, underlying indicators point to higher inflationary risks, as a sharp increase in input costs weighed on production activity. Input price inflation hit its highest level since data collection began in May 2024 as survey respondents pointed mainly to higher raw material price...
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