The HSBC India Services Business Activity Index, or services PMI, increased to 58.7 from 58.5 in March, indicating a surge in growth momentum for India’s service providers in April. This showed that the production of the service sector had grown significantly and more robustly. A reading of 50 implies no change, a rating below 50…
While the HSBC India Services Business Activity Index, or services PMI, decreased to 58.5 from 59.0 in February, it was still higher than an initial estimate that indicated a decline to 57.7, indicating a loss of growth momentum for India’s service providers in March. It did, however, show a high rate of expansion and was…
According to data provided by S&P Global on Wednesday, India’s manufacturing activity made up ground lost in February and reached its highest level in eight months in March, at 58.1 compared to 56.3 the previous month. According to the most recent reading, the sector’s health had significantly improved and was above its long-term average. As…
According to statistics issued by S&P Global on Monday, manufacturing activity in India decreased to a 14-month low of 56.3 in February from 57.7 the month before. A slight loss of momentum in new orders and manufacturing was blamed for the decline. The manufacturing PMI continues to show a strong increase in the sector’s overall…
With the December Purchasing Managers’ Index (PMI) falling to 56.4, India’s manufacturing activity ended the year at a 12-month low and had its weakest growth rate of 2024, according to statistics provided by S&P Global on Thursday. This suggested that the improvement in operating conditions was less pronounced. Although the headline number was lower than…
Following an eight-month low of 56.5 in September, India’s manufacturing activity rebounded to 57.5 in October, demonstrating a significant and quicker improvement in operating conditions, according to data provided by S&P Global on Monday. It claimed that October saw an acceleration of output growth driven by quicker growth in both foreign sales and total new…
Despite improving demand patterns, the nation’s industrial and service sectors improved in October compared to September. According to a statement from S&P Global, the HSBC Flash India PMI increased from 58.3 a month earlier to 58.6 in October. A significant increase in manufacturing was the main driver of the activity rebound. Following an eight-month low…
Data from S&P Global on Monday indicated that although India’s manufacturing activity decreased to 57.5 in August from 58.1 in July, it was still higher than its long-term average of 54.0, indicating a significant improvement in operating conditions. August saw weaker gains in new business and output from Indian manufacturers, albeit their rates of expansion…
In August, the manufacturing purchasing managers’ index fell from 58.1 in July to 57.9, while the services purchasing managers’ index increased from 60.3 to 60.4 in July. The composite index consequently dropped to 60.5 from 60.7 in July, the lowest level since May. Despite this, the most recent manufacturing PMI number was higher than the…
Yesterday, the price of aluminium dropped by -1.04% to settle at 199.6 due to a variety of factors affecting market sentiment. Some assistance was given by China’s attempts to calm its markets and lower its stock of metals, but advances were constrained by a strong dollar. According to the China Nonferrous Metals Industry Association (CNIA),…
