The record
Written from the 1 report below. Nothing here is unsourced.
- India's manufacturing sector activity dropped to a five-year low in July, mainly because of a slowdown in new orders.
- The HSBC India Manufacturing Purchasing Managers' Index fell from 54.2 in June to 53.5 in July, the lowest level since August 2021 and below the long-run average of 54.2.
- A reading above 50 still indicates growth, so the sector is expanding but at a weaker pace.
- New order growth in July was the second lowest in over four years, and job creation in the manufacturing sector also declined.
What to watch next
- Whether the PMI rebounds in the coming months after the July dip
- Trends in new orders, the main driver of the slowdown
- Whether manufacturing job creation continues to weaken
Coverage1
1 report
Indian-language1
All filed from India
Named India · HSBC
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.