AI Data Insight
India's Q3 2026 (August) Manufacturing PMI dropped to 52.8, down from the previous value of 53.5, marking the weakest pace of expansion in nearly five years. Although new orders and output continued to grow, slowing demand led to the first decline in employment in 30 months, indicating severe market challenges. Looking ahead, attention should be paid to the recovery of domestic demand and the inflationary pressure from companies passing costs onto product pricing.