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总结
多家媒体援引企业调查称，印度2025年12月制造业采购经理指数（PMI）降至约55，创近两年低位，显示工厂活动扩张放缓。新订单增速回落，产出增长减弱，就业扩张趋缓；出口订单动能也因外需走软而降温。尽管指数仍高于50、意味着制造业继续处于扩张区间，但需求偏弱令市场关注其对2026年初生产节奏与宏观前景判断的影响。
正文
Manufacturing PMI at 2-year low in December 2025 on easing new orders, output and employment The Hindu Lacklustre demand drags Indian factory growth to two-year low in December Reuters India's manufacturing PMI slips to 38-month low in December ET Manufacturing Manufacturing growth cools to 24-month low of 55 in December as export momentum weakens Moneycontrol India's manufacturing PMI eases to 55 in Dec, industry wraps up 2025 in 'good shape' MSN
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