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    "headline": "India's manufacturing PMI growth falls to 5-year low in August",
    "dek": "India's manufacturing sector growth slowed to a five-year low in August due to weaker demand.",
    "prose": "The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) declined from 53.5 in July to 52.8 in August. [^1]\n\nThe August figure of 52.8 marks the lowest growth rate for India's manufacturing sector in five years. [^2]\n\nThe decline in the PMI is attributed to slower demand in the manufacturing sector. [^3]\n\nManufacturing employment contracted in August, ending two-and-a-half years of job growth, with companies citing lower overall operational requirements for the reduction. [^4]\n\nPranjal Bhandari, chief India economist at HSBC, stated that India's final manufacturing PMI slipped to 52.8 in August, extending its decline for the third consecutive month. [^5]\n\nThe output index fell to its lowest level since August 2021, signaling that production is still expanding but at a markedly slower pace. [^6]",
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      "statement": "The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) declined from 53.5 in July to 52.8 in August.",
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