Business confidence rises but orders and employment fall amid ongoing uncertainty

India's manufacturing growth slowed in June to its second-weakest pace since mid-2022, as demand and hiring softened.

India's manufacturing sector experienced its second-slowest growth in four years during June, primarily due to a slowdown in demand for goods impacting output and hiring. While…

Manufacturing PMI in India slows to 54.2 in June, marking the second-lowest level in four years amid declining orders.

India's manufacturing sector recorded its second-slowest growth since mid-2022 in June, as softened demand impacted output and hiring despite easing cost pressures.

Business confidence rises but orders and employment fall amid ongoing uncertainty

"Employment was nevertheless cut sharply as firms often sought to offset the rising cost of energy and raw materials..."

ISM manufacturing PMI fell to 53.3 in June from 54.0 in May, missing forecasts. The Prices Index dropped to 73.0 but still signals elevated factory costs.

US manufacturing activity saw a slight dip in June, following a robust May. While expansion continues for the sixth month, the pace has moderated. This slowdown is attributed to a…