Manufacturing drags down India's private sector activity in May: Flash PMI
Business Standard·- India's private sector activity is projected to have slowed slightly in May, with a decline in new orders, international sales, employment, and business activity, alongside rising input price inflation. - HSBC's flash India Composite Purchasing Managers’ Output Index (PMI) dropped to 58.1 from 58.2 in April, remaining above the growth threshold of 50 for 57 consecutive months. - The report indicates a moderation in manufacturing activity, particularly in output and new orders, with a significant softening in new export orders.