New Delhi, July 1 -- Manufacturing activity slowed in June as growth in new orders and export demand moderated, while easing input costs and output prices signalled softer inflationary pressures, according to a private sector survey.

The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell to 54.2 in June from 55.0 in May, marking the second-slowest expansion since mid-2022, better than only March's 53.9.

However, the reading remained comfortably above the 50-mark separating expansion from contraction and was broadly in line with the series' long-run average.

The survey showed that, excluding March, both output and new orders grew at their weakest pace in four years. While several manufacturers reported st...