India’s HSBC Manufacturing PMI Final for the latest period registered at 57.7, showing a decline from the previous reading of 59.3. This marks a decrease of 1.6 points, indicating a slowdown in manufacturing activity.
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The actual PMI figure came in below the analyst estimate of 58.5, suggesting weaker-than-expected manufacturing momentum. This shortfall may exert downward pressure on industrial and manufacturing stocks, as investors reassess growth prospects in these sectors. The market impact is likely to be short-term as sentiment adjusts to the revised activity levels.