India's private sector growth slows to three-month low
India's private sector growth slowed to a three-month low in June, with the HSBC PMI at 57.4, down from 59.3 in May. Manufacturing and services PMIs also declined, indicating weakened business momentum amid rising costs and declining demand.
after close1 source ↓written by the desknot a recommendation
- PMI dropping
- 57.4
- 59.3
- PMI decreased
- 54.5
- PMI hit
- 17-month low
- 57.3
Private sector growth in India fell to a three-month low in June, with the HSBC Flash India Composite PMI dropping to 57.4 from 59.3 in May. Manufacturing PMI decreased to 54.5, while services PMI hit a 17-month low of 57.3. Despite the slowdown, firms remain optimistic about future output growth, although confidence is at its lowest since January.
Not investment advice. For informational purposes only.