Manufacturing PMI slows to 54.2 in June, second-lowest in four years
India's manufacturing Purchasing Managers’ Index (PMI) slowed to 54.2 in June 2026, marking its second-lowest level in four years, primarily due to a broad-based slowdown in new orders and output. This moderation is attributed to cooling demand after an earlier surge linked to the West Asia conflict, particularly impacting the capital goods sector and European sales.
Why it matters
This slowdown indicates a potential cooling of India's economic growth, impacting business sentiment and future investment, and could signal broader economic shifts influenced by global events.
Manufacturing activity slowed to 54.2 in June 2026, its second-lowest level in four years, according to a private sector survey. This was driven by a broad-based slowdown, including in new orders and output.
The article presents factual economic data and analysis from a private sector survey without taking a political stance or expressing strong opinions.
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