India, Aug. 3 -- India's manufacturing activity expanded at the weakest pace in nearly five years, though the growth remained strong overall amid a sustained rise in new orders, final survey data from S&P Global showed on Monday.
The HSBC manufacturing purchasing managers' index dropped to 53.5 in July from 54.2 in June. The flash score was 53.9. Nonetheless, a reading above 50 indicates expansion in the sector.
New orders grew at the second-weakest in over four years due to challenging market conditions and reduced client interest for key items. The overall growth was driven by advertising and demand resilience.
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