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The Economic Times
The Economic Times

India's July factory growth near five-year low on weaker demand, PMI shows

BENGALURU: India's manufacturing sector expanded at its slowest ​pace in nearly ​five years in July as overall demand ​remained soft while a third consecutive month of slowing job creation also signalled a loss of momentum, a survey showed.

The ‌S&P Global ⁠HSBC India ⁠Manufacturing Purchasing Managers' Index (PMI) fell to 53.5 in July from ​54.2 in June, its lowest reading since August 2021, and slightly below ​a preliminary estimate of 53.9.

A PMI reading above 50.0 indicates growth in activity.

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