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New Delhi: <\/strong>The Indian manufacturing sector\u2019s growth decelerated to a three-month nadir in August, with firms experiencing a milder increase in new orders and production.<\/p>\n The headline Purchasing Managers\u2019 Index (PMI) released by HSBC on Monday registered at 57.5, a slight decrease from July\u2019s 58.1. A reading above 50 indicates expansion, while below 50 points to contraction.<\/p>\n Nonetheless, easing cost pressures buoyed purchasing activities as the rate of input price inflation declined to its lowest in five months.<\/p>\n Although it diminished, the index still surpassed its average and remained above the pivotal 50 threshold, marking growth from contraction, a position it has maintained since July 2021.<\/p>\n Support came from persistent, albeit slightly weakened, demand. The output and new orders sub-indexes, which measure demand, both fell to seven-month lows. International demand expanded at its feeblest rate since January yet remained robust.<\/p>\n India\u2019s inflation dropped to a near five-year trough of 3.54% in July, primarily due to a high-base effect, suggesting the deceleration is transitory. The Reserve Bank of India (RBI) is anticipated to reduce interest rates by 25 basis points in the next quarter.<\/p>\n A positive demand outlook and business confidence prompted firms to increase their workforce for the sixth consecutive month, though the pace of hiring decelerated for the second month in a row. The forecast for the coming year was strong, despite reaching a 16-month low, with optimism tempered by worries over inflation and competition.<\/p>\n<\/p><\/div>\n [ad_2] [ad_1] New Delhi: The Indian manufacturing sector\u2019s growth decelerated to a three-month nadir in August, with firms experiencing a milder increase in new orders and production. The headline Purchasing Managers\u2019 Index (PMI) released by HSBC on Monday registered at 57.5, a slight decrease from July\u2019s 58.1. A reading above 50 indicates expansion, while below 50 […]<\/p>\n","protected":false},"author":1,"featured_media":43452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-43451","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/09\/download-5.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/43451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=43451"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/43451\/revisions"}],"predecessor-version":[{"id":43453,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/43451\/revisions\/43453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/43452"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=43451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=43451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=43451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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