Manufacturing PMI Slips to 52.8 in August, Marking Five-Year Low
· Business · Business Standard
India's manufacturing sector growth slowed significantly in August as the Purchasing Managers' Index dropped to 52.8, down from 54.5 in July. This marks the weakest expansion recorded in five years. The deceleration was driven by softer output growth and a moderation in new business orders. Despite the slowdown, the manufacturing sector remained in expansion territory as the index stayed above the crucial 50-mark threshold. Market analysts continue to monitor macroeconomic indicators for signs of a broader recovery.
Why it matters
The slowdown in manufacturing growth directly impacts industrial output, corporate earnings, and employment prospects across the industrial sector.
Read the original report — Business Standard
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