In November, industrial growth fell to a nine-month low, offsetting an increase in services, and India’s private sector activity grew at its weakest rate in six months. The S&P Global-compiled HSBC flash India Composite Purchasing Managers’ Index (PMI) fell to 59.9 this month from its final reading of 60.4 in October. The flash India Manufacturing…
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…
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…
