India Composite PMI Eases to 3-Month Low

2026-06-23 05:02 By Farida Husna 1 min. read

India’s HSBC Composite PMI fell to 57.4 in June 2026 from a final 59.3 in the prior month, flash data showed.

It was the lowest reading since March as growth slowed across both the manufacturing and services sectors.

New orders expanded the least in three months while overseas demand remained resilient despite growing at its slowest rate in 21 months.

Employment continued to rise, though its rate of increase was the weakest in the current six-month expansion, leaving backlogs of work broadly unchanged.

On the price front, input costs rose further, due to higher material prices, but overall cost inflation eased for a third straight month to its lowest since January.

Meanwhile, firms raised selling prices at the slowest pace in six months, reflecting cautious pricing amid softer demand and intense competition.

Looking ahead, confidence weakened to its lowest level since January and remained below the long-run average, signaling a more cautious outlook for activity in the months ahead.



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India Composite PMI Eases to 3-Month Low
India’s HSBC Composite PMI fell to 57.4 in June 2026 from a final 59.3 in the prior month, flash data showed. It was the lowest reading since March as growth slowed across both the manufacturing and services sectors. New orders expanded the least in three months while overseas demand remained resilient despite growing at its slowest rate in 21 months. Employment continued to rise, though its rate of increase was the weakest in the current six-month expansion, leaving backlogs of work broadly unchanged. On the price front, input costs rose further, due to higher material prices, but overall cost inflation eased for a third straight month to its lowest since January. Meanwhile, firms raised selling prices at the slowest pace in six months, reflecting cautious pricing amid softer demand and intense competition. Looking ahead, confidence weakened to its lowest level since January and remained below the long-run average, signaling a more cautious outlook for activity in the months ahead.
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