Financial News: India Manufacturing Growth Weakest Since August 2021

India Manufacturing Growth Weakest Since August 2021

08/03/2026 - 03:57:00 (RTTNews)

(RTTNews) - India's manufacturing activity expanded at the weakest pace in nearly five years, though the growth remained strong overall amid a sustained rise in new orders, final survey data from S&P Global showed on Monday.

The HSBC manufacturing purchasing managers' index dropped to 53.5 in July from 54.2 in June. The flash score was 53.9. Nonetheless, a reading above 50 indicates expansion in the sector.

New orders grew at the second-weakest in over four years due to challenging market conditions and reduced client interest for key items. The overall growth was driven by advertising and demand resilience.

Meanwhile, export orders logged a marked and accelerated growth, led by more demand from Canada, Egypt, Indonesia, Kenya, Nepal, South Africa, Thailand and the UAE.

Consequently, firms raised production volumes, though the pace of growth was among the softest since mid-2022. There were also slowdowns in growth of input purchasing and employment, with the latter showing the slowest in the current 29-month sequence of increase.

Although there was an encouraging sign that supply chain delays are continuing to unwind, doubts arise about how long these improvements will prevail amid renewed tensions in the Middle East.

On the price front, input price inflation eased to a 5-month low in July, and selling prices increased moderately.

Looking ahead, business sentiment strengthened as firms signalled a positive outlook for demand, infrastructure projects and new client enquiries.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Slovenia Producer Price Inflation Hits 3-year High (01 min(s), 33 sec(s) ago)
(RTTNews) - Slovenia's producer price inflation accelerated further in July to the highest lev ...Full Story»

UK Service Sector Growth Gains Strength (47 min(s), 33 sec(s) ago)
(RTTNews) - The UK service sector grew at the fastest pace in six months in August, offsetting a s ...Full Story»

Eurozone Private Sector Expands Most In 9 Months (15 min(s), 33 sec(s) ago)
(RTTNews) - The euro area private sector expanded the most in nine months in August driven by stro ...Full Story»

Irish Wholesale Price Inflation Highest Since October 2022 (12 min(s), 33 sec(s) ago)
(RTTNews) - Ireland's wholesale price inflation accelerated in July to the highest level in ne ...Full Story»

German Private Sector Expands As Manufacturing Strength Offsets Services Slump (37 min(s), 33 sec(s) ago)
(RTTNews) - Germany's private sector expanded in August as continued upturn in manufacturing p ...Full Story»

Turkey Consumer Confidence Improves In August (14 min(s), 33 sec(s) ago)
(RTTNews) - Households in Turkey remained less pessimistic in August, and the confidence rose furt ...Full Story»

French Private Sector Contracts On Weaker Services Activity (03 min(s), 33 sec(s) ago)
(RTTNews) - France's private sector contracted further in August due to the downturn in servic ...Full Story»

Belgium Consumer Confidence Weakens In August (08 min(s), 27 sec(s) ago)
(RTTNews) - Households in Belgium expressed a slightly more pessimistic attitude in August, mainly ...Full Story»