HSBC

India’s business activity surges to 3-month high in Nov: report

India's business activity surged to a three-month high in November, driven by robust growth in the services sector and record job creation, according to the HSBC survey for the month. "Services saw a pick-up in growth, while the manufacturing sector managed to outperform expectations despite a marginal slowdown from its October final PMI reading," said Pranjul Bhandari, chief India economist at HSBC. HSBC's flash India Composite Purchasing Managers' Index compiled by S&P Global increased t...

May 2, 2024 5:50 PM

India’s manufacturing growth momentum continues, future looks bright: HSBC

India's manufacturing sector witnessed its second-fastest pace of improvement in three-and-a-half years in April, as per the latest HSBC PMI (Purchasing Manager's Index) data. The data indicates a surge in market demand driving this growth, with firms experiencing a surge in new intakes and scaling up production. However, in comparison to the previous month, the HSBC India Manufacturing Purchasing Managers' Index (PMI) data registered a dip in the April month but it remained above the neutral m...