In August, India’s manufacturing sector experienced its most significant slowdown in five years, with production and new orders seeing a decline. This downturn marked the lowest activity level since August 2021, causing …
In August, India’s manufacturing sector experienced its most significant slowdown in five years, with production and new orders seeing a decline. This downturn marked the lowest activity level since August 2021, causing a contraction in employment for the first time in two and a half years. Although there was a slight increase in purchasing activity, overall overseas demand weakened, and while business confidence grew, it remained below historical averages.
Source: The Times of India — Top Stories
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- Wire dispatch directly ingested from Times of India.
- Published at Tue, 01 Sep 2026 11:10.
- Source URL: https://timesofindia.indiatimes.com/business/india-business/indias-pmi-slips-to-52-8-as-factory-growth-loses-steam-hits-five-year-low/articleshow/133678881.cms