{"id":617730,"date":"2026-08-03T07:03:14","date_gmt":"2026-08-03T07:03:14","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/617730\/"},"modified":"2026-08-03T07:03:14","modified_gmt":"2026-08-03T07:03:14","slug":"indias-july-factory-growth-near-five-year-low-on-weaker-demand-pmi","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/617730\/","title":{"rendered":"India&#8217;s July factory growth near five-year low on weaker demand: PMI"},"content":{"rendered":"<p>Published Mon, Aug 3, 2026 \u00b7 01:23 PM<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[BENGALURU]\u00a0India\u2018s manufacturing sector expanded at its slowest pace in nearly five years in July as overall demand remained soft while a third consecutive month of slowing job creation also signalled a loss of momentum, a survey showed.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The S&amp;P Global HSBC\u00a0India\u00a0Manufacturing Purchasing Managers\u2019 Index (PMI) fell to 53.5 in July from 54.2 in June, its lowest reading since August 2021, and slightly below a preliminary estimate of 53.9.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">A PMI reading above 50.0 indicates growth in activity.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">New orders &#8211; a key gauge for demand &#8211; rose at the second-weakest rate in over four years as challenging market conditions and reduced client interest weighed on sales growth.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Export orders rose at the fastest pace since April but remained modest after falling to a 39-month low in June.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The pace of output growth was broadly unchanged from June. Consumer goods was a weak spot while intermediate and capital goods makers fared better.<\/p>\n<p class=\"mb-6 border-b border-gray-250 pb-4 font-poppins text-4xs font-medium tracking-10 text-gray-515\">SEE ALSO<\/p>\n<p><a class=\"block h-full w-full\" href=\"https:\/\/www.businesstimes.com.sg\/international\/modi-seeks-calm-anger-rare-video-india-protests-widen-over-exam-paper-leak?ref=article-see-also\" data-discover=\"true\" rel=\"nofollow noopener\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"relative z-10 h-full w-full object-cover\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/08\/a58663e6ed276bb3e5e1ac674572245a6c2503354e57cfbbb4ebc3109fd4004c.webp\" alt=\"Students shout slogans during a protest after a series of\u00a0exam\u00a0scandals, New Delhi, India, July 22, 2026.\" width=\"2000\" height=\"1333\"\/><\/a><\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Hiring increased for a 29th straight month but at its slowest pace in that entire period.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Input cost inflation eased to a five-month low in July even as transportation costs continued to rise. Selling prices increased only modestly, at a rate broadly in line with June, limiting the burden passed on to customers.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6 inline-block\" data-testid=\"article-paragraph-component\">Business confidence edged up from June\u2019s recent low, with firms citing positive expectations around demand and infrastructure projects. REUTERS<\/p>\n","protected":false},"excerpt":{"rendered":"Published Mon, Aug 3, 2026 \u00b7 01:23 PM [BENGALURU]\u00a0India\u2018s manufacturing sector expanded at its slowest pace in nearly&hellip;\n","protected":false},"author":2,"featured_media":617731,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[174],"tags":[79,179,18,19,387,17,14965],"class_list":["post-617730","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-eire","tag-ie","tag-india","tag-ireland","tag-manufacturing"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/117030303556468191","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/617730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=617730"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/617730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/617731"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=617730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=617730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=617730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}