India's manufacturing sector expanded at its second-slowest pace in four years in June as cooling demand for goods dragged on output and hiring but easing cost pressures provided some relief, a survey showed.
* The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 54.2 in June from May's 55.0 - slightly lower than a preliminary estimate of 54.5. Only March's reading was weaker going back to mid-2022.
* Despite falling to the second-lowest since mid-2022, the June's number was in line with the long-run series average. A PMI reading above 50.0 signals growth.
