India's July PMI shows slowdown in economic activity
after close1 source ↓written by the desknot a recommendation
- in July
- 54.3
- in July
- 57.1
- Services PMI
- 53.1
- 53-month low
- activity rose
- 53.6
India's Flash Composite PMI fell to 54.3 in July from 57.1, indicating the weakest expansion since March 2022. The decline was driven by a significant drop in service sector activity, with the Services PMI at 53.1, a 53-month low. In contrast, US business activity rose to 53.6, highlighting a divergence in global economic trends.
Not investment advice. For informational purposes only.