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2025-08-01 16:15:54
India's Manufacturing Purchasing Managers' Index (PMI) hit a 16-month high of 59.1 in July. (1) S&P Global data showed that India's manufacturing purchasing managers' index (PMI) rose to 59.1 in July, a 16-month high, from 58.4 in June and slightly lower than the preliminary reading of 59.2. (2) The accelerated expansion of new orders was primarily due to improved demand and the effectiveness of marketing initiatives, but the growth rate of export orders slowed. (3) Output growth hit a 15-month high in July, as manufacturers continued to expand employment. (4) While businesses remain optimistic about output over the next 12 months, confidence levels are at their lowest in three years. (5) The survey showed a mild intensification of inflationary pressures, but output prices rose only slightly.
