India's manufacturing sector activity growth falls to 5-year low in July amid challenging market condition: PMI
India's manufacturing sector activity growth fell to a five-year low in July, according to the HSBC India Manufacturing Purchasing Managers' Index (PMI), amid challenging market conditions. The PMI is a gauge of overall manufacturing conditions derived from new orders, output, employment, supplier delivery times and stocks of purchases.
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A key high-frequency indicator touching a multi-year low, testing knowledge of what the PMI measures.
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- HSBC India Manufacturing PMI fell to a five-year low in July
- PMI is built from new orders, output, employment, delivery times and stocks
- A reading indicating slower manufacturing growth
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