India’s Economic Activity Slips Slightly, Flash PMIs Show
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India’s economic activity slipped slightly in August as new order growth for the manufacturing sector slowed, a flash survey by HSBC Holdings Plc showed.
The manufacturing purchasing managers’ index dropped to a three-month low of 57.9 from 58.1 in July, while the services purchasing managers’ index rose to 60.4 from 60.3 in the previous month. That resulted in the composite index falling to 60.5 from 60.7 in July, the lowest reading since May.