India's manufacturing activity growth hits 3-mth low in Aug, shows PMI

Quick Summary:

The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell for a second month in August, dropping to 57.5 from July's 58.

Despite falling, the index beat its average and held above the 50-mark that separates growth from contraction.

Inflation in India fell to a near five-year low of 3.54 per cent in July, largely due to the high-base effect, indicating the slowdown was temporary.

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Category: BusinessFinance

Markets: India

Topics: India's manufacturing sector PMI manufacturing PMI Manufacturing sector

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 11:16:00 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 22327530

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