Strong domestic demand pushes manufacturing PMI to 56.9: HSBC

March 2, 2026 4:45 PM

Strong domestic demand pushes manufacturing PMI to 56.9: HSBC

India’s manufacturing activity strengthened further in February, with the Purchasing Managers’ Index (PMI) rising to a four-month high of 56.9, up from 55.4 in January, according to data released by HSBC. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index — a composite indicator derived from measures of new orders, output, employment, supplier delivery times and stocks of purchases — signalled a marked improvement in the health of the sector. HSBC said the PM...

India’s services growth eases in September, PMI at 60.9

October 6, 2025 2:08 PM

India’s services growth eases in September, PMI at 60.9

India’s services sector activity remained robust in September, with the HSBC India Services Purchasing Managers’ Index (PMI) registering 60.9, according to data released by S&P Global on Monday. Pranjul Bhandari, Chief India Economist at HSBC, said while the reading was slightly lower than August’s recent high, “most trackers moderated, but nothing in the survey suggested a big loss in growth momentum in services.” She noted that the Future Activity Index rose to its highest level...