Last week offered a mixed picture across global economies, with growth holding up in some areas while others showed clear signs of cooling. In the US, manufacturing remained under pressure. The ISM Manufacturing PMI slipped further to 47.9 in December 2025, its third straight monthly decline and the lowest since October 2024. Production eased to 51 from 51.4, inventories fell sharply to 45.2 from 48.9, and price pressures stayed elevated at 58.5. New orders improved slightly

As we head into October, the global economy is showing a mix of strength and challenges, with inflation still a concern and growth in key areas moving at different paces. India’s infrastructure output grew by 3% year-on-year in September 2025, a sharp slowdown from the 6.5% growth in August, which had been the highest in over a year. This drop was largely driven by weak performance in key sectors like coal (-1.2%), crude oil (-1.3%), and natural gas (-3.8%), with the ongoing

As September draws to a close, the Indian economy continues to fire on multiple cylinders, though not without a few speed bumps. Infrastructure output is growing at its fastest pace in a year, PMI readings remain comfortably in expansion territory despite easing from record highs, and forex reserves are holding near their historic peak. Together, these signals paint a picture of an economy that is still resilient, even as global headwinds and competitive pressures test its st