HSBC

February 21, 2025 12:32 PM

India’s private sector growth hits six-month high in February: HSBC flash PMI data

India's private sector output reached a six-month high in February, driven by a sharp expansion in services activity, according to the latest HSBC Flash PMI data. The seasonally adjusted HSBC Flash India Composite Output Index rose to 60.6 from 57.7 in January, marking its strongest growth since August 2024 and remaining above its long-term average. The services sector was the key contributor to this growth, with the HSBC Flash India Services PMI Business Activity Index climbing to 61.1 from 5...

February 3, 2025 3:42 PM

India’s manufacturing PMI reaches six-month high amid strong demand

India’s manufacturing sector witnessed a strong start to 2025, rebounding from a period of moderated growth in December. With new orders rising at the fastest pace since last July, the sector benefitted from a sharp increase in exports, marking the steepest upturn in nearly 14 years, according to the HSBC India Manufacturing PMI for January. The survey highlighted a stronger expansion in output, supported by robust domestic and international demand. "India's final manufacturing PMI reached a...

January 6, 2025 4:15 PM

India’s services sector growth surges to 4-month high in Dec: report

India’s services sector growth reached a four-month high in December, driven by robust demand that boosted business activity and supported strong job creation, according to a survey released on Monday. The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, rose to 59.3 in December from 58.4 in November, marking the highest level since August. Companies attributed strong underlying demand as the primary driver of output growth in the services sector. In some instances...

January 2, 2025 1:58 PM

India’s manufacturing sector sees robust job growth; December PMI at 56.4

India’s manufacturing sector displayed resilience in December 2024, recording its tenth consecutive month of employment growth and achieving the fastest pace of job creation in four months, according to the HSBC India Manufacturing Purchasing Managers' Index (PMI). Approximately 10% of surveyed companies reported workforce expansion, reflecting sustained optimism within the sector. Meanwhile, post-production inventories registered their sharpest decline in seven months, driven by strong sales...

December 16, 2024 1:19 PM

Indian economy makes strong end to 2024; Composite PMI for December hits 60.7

India’s economy has shown strong performance as it closes out 2024, with the HSBC Flash India Composite Output Index rising to 60.7 in December, up from 58.6 in November. This marks the highest expansion in economic activity since August 2024, according to data compiled by S&P Global. India’s private sector recorded robust growth in December, achieving its best performance in four months. Both the manufacturing and services sectors experienced accelerated growth, fueled by a surge in ne...

December 2, 2024 9:07 PM

India’s manufacturing PMI dips to 56.5 in November but remains in expansion zone

India's manufacturing sector showcased resilience in November despite mounting cost pressures and fierce competition. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) stood at 56.5, slipping from October's 57.5 and matching an 11-month low. However, the PMI remained well above the 50-mark threshold, signaling continued expansion in the sector. A robust demand environment drove growth in sales and output, but escalating costs and competitive pressures tempered th...

November 22, 2024 1:14 PM

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...