Manufacturing PMI growth falls to 5-year low in July
India's manufacturing sector activity growth fell to a five-year low in July amid challenging market conditions. The reading is captured by the HSBC India Manufacturing Purchasing Managers' Index (PMI), a gauge derived from measures of new orders, output, employment, supplier delivery times and stocks of purchases.
Nabka Insight
A widely tracked manufacturing indicator hitting a multi-year low.
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- India's manufacturing activity growth fell to a 5-year low in July.
- Gauge used is the HSBC India Manufacturing PMI.
- PMI is derived from new orders, output, employment, supplier delivery times and stocks of purchases.
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