Manufacturing PMI falls to five-year low in July 2026
India's manufacturing sector growth slowed to a five-year low in July 2026, as per the HSBC India Manufacturing Purchasing Managers' Index (PMI). The PMI is a composite gauge of operating conditions derived from new orders, output, employment, suppliers' delivery times and stocks of purchases. The softer reading signalled challenging market conditions weighing on factory activity.
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A five-year low in a closely watched high-frequency indicator is standard economy-section fare.
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- HSBC India Manufacturing PMI hit a five-year low in July 2026.
- PMI tracks new orders, output, employment, delivery times, stocks.
- Reading reflected challenging market conditions for factories.
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