Manufacturing activity hits 5-year low as growth of new orders slows
Economic Times 3 hrs ago·3 Aug 2026, 7:21 pm
Excerpt from Economic Times
The HSBC Purchasing Managers' Index, compiled by S&P Global, fell to 53.5 in July from 54.2 in June and 59.1 a year earlier. A reading above 50 indicates expansion, while one below signals contraction. The latest reading was also below the series' long-run average of 54.2. The pace of growth in new orders was the…Read the original at Economic Times
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- Category: Orders & Deals.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
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