PMI

January 2, 2025 5:12 PM

Indian economy in robust spot globally in 2025 with high frequency indicators picking up growth

As 2025 begins amidst heightened global uncertainties, India continues to be in a much stronger position with high-frequency indicators showing a pick-up in the pace of growth in the third quarter of the current fiscal (Q3 FY25), according to a report on Thursday. GST collections, services purchasing managers' index (PMI), air passenger growth, and vehicle registrations saw a notable improvement in Q3 versus Q2, according to a Bank of Baroda (BoB) report. On the other hand, in China, while the...

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 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...

October 4, 2024 4:56 PM

India’s services sector growth hits lowest level since November 2023

India's services sector growth, measured by new business, international sales, and output, has slowed to its lowest rate since November 2023, according to the HSBC India Services PMI released on Friday. The survey, compiled by S&P Global, indicates that while the performance of the sector remains historically strong, the growth rate has moderated. In September, the index value was above the neutral mark of 50.0, falling from 60.9 in August to 57.7. This decline signals a softer, yet still r...