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India's Manufacturing Activity Growth Slows in June, HSBC Survey Shows

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Manufacturing activity in India softened in June, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 54.2 from 55 in the previous month, according to data compiled by S&P Global and released on Wednesday.

The reading missed the consensus forecast of 54.5 tracked by Investing.com. A reading above 50 indicates expansion in the sector, while a figure below signals a contraction.

The latest performance was driven primarily by a softer rate of increase of total new orders and international sales, as well as slower expansions in buying levels, employment, and output.

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