News > India's manufacturing activity remains strong in July

India's manufacturing activity remains strong in July

The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index was little changed, at 58.1 in July from 58.3 in June. The latest reading exceeded the series long-run average and was one of the highest in recent years. Buoyant demand conditions created a ripple effect across the manufacturing industry, mainly through a substantial upturn in new work intakes. Despite slowing since June, sales growth was sharp in terms of historical data.