0528 GMT - India HSBC Flash PMI data showed the weakest expansions in private sector sales and output since early 2022, according to its latest survey. HSBC Flash India PMI Composite Output fell to 54.3 in July from 57.1 in June while remaining in expansionary territory. Growth was capped by an increasingly challenging market, competitive pressures, order cancellations, reduced client enquiries and shortages of key raw materials, the survey showed. Inflationary pressures intensified, but new export orders rose at a stronger pace. "Renewed tensions in the Middle East have once again resulted in firms building buffers to manage the uncertainties around the longevity of the supply-side shock," says Pranjul Bhandari, chief India economist at HSBC. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
July 24, 2026 01:28 ET (05:28 GMT)
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