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India's manufacturing sector slows down in August: HSBC PMI report

IndiaTimes Monday, 2 September 2024
India's manufacturing sector showed signs of slowing in August, with the HSBC Manufacturing PMI falling to 57.5 from 58.1 in July. New orders and export growth also saw a decline, although the sector remained in expansion mode. Manufacturers benefited from reduced cost pressures and increased raw material purchasing, despite moderating job creation.
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