Manufacturing sector activities in India moderated in June from a 31-month high in May, according to the monthly survey conducted by S&P Global. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) fell from 58.7 in May to 57.8 in June. Despite the fall, the survey indicated a considerable improvement in operating conditions, with new work orders expanding sharply and demand strength impacting sales, production, stock building, and employment. The survey also highlighted an improvement in overall operating conditions for the 24th straight month. Business confidence rose to a six-month high, and firms sought to expand capacities and resources to support production growth. However, charge inflation reached a 13-month high due to positive demand dynamics and labor costs. The survey was compiled from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers.