India's factory activity expanded at the slowest pace in nearly four years in March amid inflationary pressures along with disruption caused by the Middle East war, survey data from S&P Global showed on Thursday.
The HSBC manufacturing purchasing managers' index dropped to 53.9 in March from 56.9 in February. The flash score was 55.2. Moreover, this was the lowest reading since June 2022.
However, a score above 50 indicates expansion in the sector.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.