India’s manufacturing PMI slips to 53.5 as consumer-goods demand softens
India’s manufacturing PMI fell from 54.2 in June to 53.5 in July, its weakest reading since August 2021. Slower consumer-goods orders and output point to softer near-term retail demand, while manufacturers raise prices to defend margins and rebuild inventories amid supply-chain risks.
India’s manufacturing PMI fell to 53.5 in July as domestic demand slowed, with consumer goods showing weaker orders and output. Firms raised selling prices to protect margins, while rebuilding inventories amid Middle East supply-chain disruption concerns.
Why this matters
No related recent signals were provided. July’s PMI decline from June indicates softer consumer-goods demand and retail order momentum, while price increases and inventory rebuilding may affect retailer costs.
Retail-company signals are accelerating, up 229233% QoQ.