Manufacturing PMI slips to five-year low in July
India’s manufacturing sector activity grew at its slowest pace in five years in July, according to the HSBC India Manufacturing Purchasing Managers’ Index, amid challenging market conditions. The reading points to the weakest improvement in operating conditions in five years. The PMI is a composite gauge derived from new orders, output, employment, suppliers’ delivery times and stocks of purchases.
Nabka Insight
PMI trends and what the index is built from are frequently tested in economy.
Powered by AIKey facts
- HSBC India Manufacturing PMI growth fell to a five-year low in July.
- PMI components: new orders, output, employment, delivery times, stocks.
Relevant forBanking · SSC · State PSC · UPSC