In August, India's manufacturing growth fell to a three-month low of 57.5, down from 58.1 in July, due to weaker demand. Despite strong overall demand, international orders grew at their slowest pace since January.
The HSBC Manufacturing PMI, compiled by S&P Global, remains above 50, indicating expansion. Output and new orders dropped to seven-month lows. Although inflation pressures eased, output price inflation stayed high. Companies continued to hire, though at a slower rate, with a solid but cautious outlook for the future.