India's Private Sector Growth Slows To Three-Month Low In June: HSBC Flash PMI
New Delhi, June 23 -- Growth in India's private sector activity moderated in June as softer demand conditions weighed on output, new business generation and hiring, according to the latest HSBC Flash PMI survey. The HSBC Flash India PMI Composite Output Index, which measures activity across manufacturing and services, eased to 57.4 in June from 59.3 in May. Although the reading remained comfortably above the 50 threshold indicating expansion, it marked the slowest pace of growth since March. The moderation was evident across both sectors, with manufacturing and services activity slipping to two-month and 17-month lows, respectively, amid softer demand and persistent cost pressures. New Orders Growth Slows and Mixed Trends in Export Demand...
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