India’s private sector activity continues to expand; PMI eases to 58.1
India’s private sector activity continued to expand in May, signalling sustained but marginally softer growth momentum.
India’s private sector activity continued to expand in May, signalling sustained but marginally softer growth momentum.
Services activity in India expanded at a rapid pace in April, marking a five-month high. This growth was supported by stronger domestic demand, higher ecommerce activity, and improved new order inflows, according to the HSBC India Services PMI.
The private sector manufacturing activity growth recovered in April as HSBC’s India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, which measures monthly change in manufacturing output, rose to 54.7 in April, up from 53.9 in March.
India’s private sector activity gathered momentum at the start of the new financial year, with the HSBC Flash India Composite PMI Output Index rising to 58.3 in April from 57.0 in March, according to data compiled by S&P Global.
India’s services sector growth slowed to a 14-month low in March, even as cost pressures rose sharply, according to HSBC and S&P Global PMI data. Firms reported the fastest increase in input prices in nearly four years.
The HSBC flash Purchasing Managers' Index (PMI) survey released on Monday said the private sector output in India increased at a slower pace in March as compared to the previous month.
India’s services sector witnessed a strong rebound in February with the Purchasing Managers' Index (PMI) rising to 59.0, a significant improvement from January’s 26-month low of 56.5.
India's Manufacturing Purchasing Managers’ Index (PMI) in February marked the slowest expansion since December 2023, falling to 56.3, data compiled by S&P Global and released by HSBC said on Monday.
A business survey showed on Wednesday that India's dominant services sector growth was slowest in over two years in January amid cooling demand. However, it remained historically strong and led to a substantial rate of hiring.
Manufacturing sector in India kicked off 2025 on a strong note, with the Purchasing Managers’ Index (PMI) climbing to 57.7 in January as compared to 56.4 in December.
