India's Factory Growth at Five-Year Low in August on Weakening Demand, PMI Shows

India's factory growth at five-year low in August on weakening demand, PMI shows

India Manufacturing Growth Weakest In 5 Years

India's manufacturing activity expanded at the slowest pace in five years as output and new orders rose at weaker rates. The HSBC manufacturing purchasing managers' index dropped to 52.8 in August from 53.5 in July. Both output and new orders grew at the weakest rate in five years amid challenging market conditions and softer demand conditions.

India Manufacturing PMI Falls to 52.8 in August as Output and New Orders' Growth Slowed to Five-year Low: HSBC

Get latest articles and stories on Business at LatestLY. The HSBC India Manufacturing Purchasing Managers' Index (PMI) noted that the seasonally adjusted index declined from 53.5 in July to 52.8 in August. The latest figures highlighted the weakest improvement in the health of the manufacturing sector in five years. Business News | India Manufacturing PMI Falls to 52.8 in August as Output and New Orders' Growth Slowed to Five-year Low: HSBC.

Manufacturing Expansion Slows in August, Raising Demand Concerns for Businesses - Business News Week

New Delhi, Sep 1: India’s manufacturing sector continued to expand in August, but the pace of growth weakened considerably as softer demand led to slower increases in new orders and factory output, according to the latest HSBC India Manufacturing Purchasing Managers’ Index (PMI). The seasonally adjusted PMI declined to 52.8 in August from 53.5 in […] The post Manufacturing Expansion Slows in August, Raising Demand Concerns for Businesses first a…