New Delhi, April 2 (IANS) India’s manufacturing PMI eased to 53.9 in March as disruptions linked to the conflict in the Middle East are reverberating through the global economy and weighing on Indian manufacturers, the HSBC Flash India PMI data showed on Thursday.Firms also faced an intensification of cost pressures, the steepest since August 2022. That said, companies mostly absorbed added expenses, as indicated by a modest uptick in selling charges that was the least pronounced in two years,…
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New Delhi, March 24 (IANS) The output growth eased across both manufacturing and services sectors in India in the month of March as the energy shock unfolds amid the West Asia tensions, the HSBC Flash India PMI data showed on Tuesday.The PMI Composite Output Index – a seasonally adjusted index that measures the month-on-month change in the combined output of India’s manufacturing and service sectors – stood at 56.5 in March.“Softer domestic demand weighed on new orders, which rose at the…
New Delhi, March 4 (IANS) India’s services sector continued to expand at a healthy pace in February, even as growth in new orders slowed amid rising competition, according to the latest data from the HSBC India Services PMI Business Activity Index.The Services Purchasing Managers’ Index (PMI) stood at 58.1 in February, slightly lower than the 58.5 recorded in January.A reading above 50 indicates expansion, which means the sector remained firmly in growth territory as the current financial ye…
New Delhi, March 2 (IANS) The manufacturing PMI in India rose from 55.4 in January to a four-month high of 56.9 in February, as a substantial improvement in domestic demand for Indian goods fuelled new order intakes and spurred the greatest upturn in production volumes for four months, S&P Global data showed on Monday.The latest figure of seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) was consistent with a marked improvement in the health of the sector.“Ind…
New Delhi, Feb 20 (IANS) The PMI data for February signalled stronger output growth as the HSBC Flash India PMI rose from 58.4 in January to 59.3 this month — indicating the strongest rate of expansion for three months, the data compiled by S&P Global showed on Friday.The acceleration was driven by a quicker upturn in factory production, as growth of services activity was broadly similar to that registered at the start of the 2026 calendar year.“The manufacturing industry strengthened in…
New Delhi, Feb 4 (IANS) The seasonally adjusted HSBC India Services PMI touched a two-month high of 58.5 in the month of January, from December’s 58.0, noting quicker expansions in new business intakes and output, the S&P Global data showed on Wednesday.Service providers in India welcomed a recovery in growth during January. They were also more upbeat towards the outlook and hired additional staff. On the price front, there were quicker albeit still moderate increases in input costs and sell…
New Delhi, Jan 23 (IANS) Growth picked up pace for both manufacturing and services in India in January as the HSBC Flash PMI figures on Friday showed quicker increases in new orders and output, alongside the reinstatement of job creation and a rebound in business confidence in the country.Rising from 57.8 in December to 59.5 in January, the HSBC Flash India Composite Output Index – a seasonally adjusted index that measures the month-on-month change in the combined output of India’s manufactu…
New Delhi, Jan 13 (IANS) India appears to be in a Goldilocks phase of high growth and low inflation, a report said on Tuesday, with economists urging a shift towards a near‑neutral policy.The report from HSBC Global Investment Research said that a near‑neutral policy, combining fiscal restraint with continued monetary ease, would best support markets and the broader economy in 2026.”A combination of tight fiscal and easy monetary policy which creates a better economic balance should be posit…