Services activity growth at 4-mth low in July on inflationary pressures
2 years, 4 months ago

Services activity growth at 4-mth low in July on inflationary pressures

Live Mint  

India’s services sector activity slowed down in July because of weaker sales and inflationary pressures, a private survey showed on Wednesday. “The recovery of the Indian services sector lost momentum during July as weaker sales growth, and inflationary pressures restricted the latest upturn in business activity,” S&P Global said. Pollyanna De Lima, economics associate director at S&P Global Market Intelligence, said, “Business activity continued to rise strongly, with a similarly robust uplift in new business as the offering of new services and marketing efforts bore fruit.” There was, however, a noticeable loss of momentum for the Indian services economy as demand was somewhat curtailed by competitive pressures, elevated inflation and unfavourable weather, Pollyanna said, adding that both output and sales increased at the weakest rates for four months. Only 5% of panellists forecast output growth over the course of the coming 12 months, while 94% predict no change from present levels.” She added that the subtle easing in inflationary pressures to a five-month low was also welcomed by services firms struggling to preserve margins and contributed to a softer rise in prices charged.

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History of this topic

India’s Private Sector Hits 4-Month High in December: PMI Data
1 week, 1 day ago

India’s Private Sector Hits 4-Month High in December: PMI Data

Deccan Chronicle  

New Delhi: Showing the resilience in India's economy with solid momentum, the India's private sector growth hit four-month high at the fastest pace in December, helping the economy on a positive note at the end of the year, underpinned by sturdier demand in both services and manufacturing along with a record jobs growth, a private survey showed on Monday. As …

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows
1 week, 1 day ago

India's economy ends 2024 with solid momentum as business growth hits 4-month high, PMI shows

The Hindu  

India's private sector output grew at the fastest pace in four months, preliminary readings from a survey showed, helping the economy end 2024 on a positive note underpinned by sturdier demand in services and manufacturing and record jobs growth. Asia's third-largest economy grew a softer 5.4% last quarter, but easing inflation is expected to spur demand among private sector firms, …

India's Services Sector Growth Stays Strong, Defies Inflation
2 weeks, 6 days ago

India's Services Sector Growth Stays Strong, Defies Inflation

Deccan Chronicle  

New Delhi: The growth in India’s dominant services sector remained strong in November despite the inflationary pressure for over a decade. As per the survey by seasonally adjusted HSBC India Services Business Activity, the India’s services Purchasing Managers’ Index or PMI was down marginally to 58.4 from 58.5 in October as sales increased at a softer pace. Commenting on the …

India’s services sector growth falls marginally in November
2 weeks, 6 days ago

India’s services sector growth falls marginally in November

Live Mint  

New Delhi: India’s services sector growth fell slightly in November from the previous month, owing to a drop in growth of new orders and output, a survey released on Wednesday showed. The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, fell to 58.4 in November from 58.5 in October, but was higher than the 57.7 figure reported in …

India’s services sector employment grew at fastest pace since 2005
2 weeks, 6 days ago

India’s services sector employment grew at fastest pace since 2005

Live Mint  

New Delhi, December 4 : India's service sector continued its impressive performance in November 2024, with services sector employment notably grew at the fastest pace ever recorded since this survey began in 2005. Pranjul Bhandari, Chief India Economist at HSBC, said "During November, services sector employment notably grew at the fastest pace ever recorded since this survey began in 2005. …

India's Manufacturing PMI Slips to 56.5 in November
3 weeks, 1 day ago

India's Manufacturing PMI Slips to 56.5 in November

Deccan Chronicle  

New Delhi: Amid a softer increase in factory orders, India's manufacturing activities slowed in November due to inflationary pressures, yet maintained a strong pace. Restricted by fierce competition as well as the price pressures, growth in India's manufacturing sector slipped to 56.5 in November. However, the final data came in significantly below these estimates.Commenting on the survey, Pranjul Bhandari, chief …

Private sector grows in November despite cost pressures
1 month ago

Private sector grows in November despite cost pressures

Deccan Chronicle  

New Delhi: With the modest uptick in business activity, India’s private sector economy continued its strong growth in November. The HSBC Flash India Composite Output Index rose to 59.5, even as cost pressures have surged to a 16-month high for both services and manufacturing players in the sector. As per the survey, the HSBC Flash India Composite Output Index, which …

Services sector boosts business activity as manufacturing growth slows in Nov
1 month ago

Services sector boosts business activity as manufacturing growth slows in Nov

Live Mint  

Business activity gained momentum in November, driven by an upswing in the services sector, even as manufacturing activity grew slower than last month, according to an HSBC flash survey released on Friday. Manufacturing slowdown Although slightly lower than the previous month, the HSBC Flash India Manufacturing PMI—a composite index reflecting factory business conditions based on metrics such as new orders, …

India’s service sector growth rebounds in October on higher demand
1 month, 2 weeks ago

India’s service sector growth rebounds in October on higher demand

Live Mint  

India’s services sector bounced back in October, buoyed by strong customer demand after a lull in September, according to a survey released on Wednesday. The HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, climbed to 58.5 in October from 57.7 in September, highlighting 39 consecutive months of above the 50-point threshold that distinguishes growth from contraction. "During October, …

India’s manufacturing activity rises in October driven by growth in new orders
1 month, 2 weeks ago

India’s manufacturing activity rises in October driven by growth in new orders

Live Mint  

India's manufacturing activity rebounded in October, shaking off an eight-month low in September as robust demand fuelled growth in new orders and international sales. Accelerating growth October saw an acceleration in manufacturing output growth, propelled by a faster rise in new orders and international sales, the survey indicated. Rapidly expanding new orders and international sales reflect strong demand growth for …

Private sector activity grew at 10-month low pace in September
2 months, 2 weeks ago

Private sector activity grew at 10-month low pace in September

The Hindu  

Growth in India’s private sector activity slowed to a ten-month low this September, as per the HSBC India Composite Output Index, which slipped from 60.7 in August to 58.3 last month, as factories and services players clocked a reduction in momentum. While manufacturing sector activity mellowed in September, with factory output and sales growing at the slowest pace so far …

Growth in services sector accelerates amid easing inflation, data shows
3 months, 2 weeks ago

Growth in services sector accelerates amid easing inflation, data shows

Daily Mail  

Growth in the services sector picked up last month as businesses felt the benefits of lower borrowing costs and 'easing inflationary pressures', according to a new survey. The S&P Global UK services PMI survey scored 53.7 in August, up from the 52.5 recorded July and the highest reading since April. Growth: Growth in the services sector picked up last month, …

Domestic demand, easing costs propped up Services in August: PMI
3 months, 2 weeks ago

Domestic demand, easing costs propped up Services in August: PMI

The Hindu  

Business activity in India’s services sector accelerated at a five-month high pace in August, aided by productivity gains, a pullback in cost pressures which eased to a four-year low, and higher domestic demand. The seasonally adjusted HSBC India Services Business Activity Index, based on responses from 400-odd private players, rose to 60.9 in August from 60.3 in July. Overall private …

Purchasing Managers’ Index (PMI): Manufacturing activity at 3-month low in August
3 months, 3 weeks ago

Purchasing Managers’ Index (PMI): Manufacturing activity at 3-month low in August

The Hindu  

Manufacturing activity dropped to a three-month low in August, with new factory orders growing at the slowest pace in seven months and export orders clocking their weakest rise in 2024, even as inflation and competitive pressures dragged producers’ optimism to the worst level since April 2023, as per a private survey-based index. On the bright side, the inflation in manufacturing …

Flash PMI signals slight dip in private sector activity this month
4 months ago

Flash PMI signals slight dip in private sector activity this month

The Hindu  

Manufacturing output growth softens; outstanding business volumes drop for first time in 11 months Private sector activity levels likely eased for the second successive month this August, with new factory orders rising at the slowest pace since February and goods prices being raised at the highest rate in 11 years, as per initial indicators from a private survey of purchasing …

India’s economic activity slipped slightly in August, PMI shows
4 months ago

India’s economic activity slipped slightly in August, PMI shows

Hindustan Times  

India’s economic activity slipped slightly in August as new order growth for the manufacturing sector slowed, a flash survey by HSBC Holdings Plc showed. India’s economic activity slipped in August as manufacturing new order growth slowed, HSBC survey showed. The manufacturing purchasing managers’ index dropped to a three-month low of 57.9 from 58.1 in July, while the services purchasing managers’ …

Services PMI signals mild dip in July; output prices raised at fastest pace in 7 years
4 months, 2 weeks ago

Services PMI signals mild dip in July; output prices raised at fastest pace in 7 years

The Hindu  

Services sector activity remained robust in July, with international sales growing at the third-fastest pace in almost ten years, even as rising input costs compelled firms to raise prices at a seven-year high rate, as per the HSBC India Services Purchasing Managers’ Index that eased marginally from 60.5 in June to 60.3 last month. Overall private sector activity, factoring in …

PMI signals factory activity eased a tad in July; price pressures mount
4 months, 3 weeks ago

PMI signals factory activity eased a tad in July; price pressures mount

The Hindu  

Growth in new orders and output eased slightly at Indian factories during July, even as firms raised selling prices at the highest pace in almost 11 years amid a significant spike in input costs that accelerated at a two-year high rate, as per the HSBC India Manufacturing Purchasing Managers’ Index. “The continuous increase in the output price index, driven by …

India's Business Growth Surges in June: PMI Report
6 months ago

India's Business Growth Surges in June: PMI Report

Deccan Chronicle  

New Delhi: Regaining the momentum in June with business activity picking up at a quicker pace, Indian businesses, both in the manufacturing and services sectors, expanded at a faster pace in the month of June than the previous month. According to the survey carried out by the global banker HSBC Flash India PMI, the headline flash composite Purchasing Managers’ Index …

India’s Services Activity Growth at Five-Month Low: HSBC Report
6 months, 2 weeks ago

India’s Services Activity Growth at Five-Month Low: HSBC Report

Deccan Chronicle  

New Delhi: Despite staying strong in the month of May, India’s growth in services sector activity slowed to a five-month low due to weakened domestic demand, fierce competition, price pressures and heat waves that affected livelihoods across the country. As per the May data, the robust increases in new business intakes continued to underpin output growth across India’s service economy, …

India’s Business Activity Hits 14-Year High in May
7 months ago

India’s Business Activity Hits 14-Year High in May

Deccan Chronicle  

New Delhi: With the significant growth in the services sector, India's business activity witnessed a robust expansion in May this year, recording the third strongest reading in close to 14 years. “The flash services PMI index hit a 4-month high of 61.4 this month, up from April's 60.8, while the preliminary manufacturing PMI showed a tad weaker growth than last …

Japan’s service activity extends gains on solid demand, PMI shows
7 months, 2 weeks ago

Japan’s service activity extends gains on solid demand, PMI shows

Live Mint  

TOKYO, May 7 - Japanese service sector activity grew at the fastest pace in eight months in April thanks to solid business and consumer spending, a private survey showed on Tuesday, results that should keep the central bank on track to hike rates again this year. "April data revealed another strong month for the Japanese service sector as rising business …

India's Service Activity Growth in April Among Fastest in 14 Years: PMI
7 months, 2 weeks ago

India's Service Activity Growth in April Among Fastest in 14 Years: PMI

News 18  

India’s services sector growth eased slightly in April but growth of new business and output remained sharp and among the fastest in 14 years amid favourable economic conditions and strong demand, a monthly survey said on Monday. The seasonally adjusted HSBC India Services Business Activity Index fell from 61.2 in March to 60.8 in April, highlighting one of the strongest …

India's April services growth strong on near-record exports, PMI shows
7 months, 2 weeks ago

India's April services growth strong on near-record exports, PMI shows

Hindustan Times  

Growth in India's dominant services industry softened in April but remained sturdy on robust domestic and foreign demand, lifting business confidence to a three-month high, a survey showed on Monday. "India's service activity rose at a slightly softer pace in April, backed by a further rise in new orders, with notable strength in domestic demand," noted Pranjul Bhandari, chief India …

India's April business growth at near 14-year high, PMIs show
8 months ago

India's April business growth at near 14-year high, PMIs show

Hindustan Times  

By Anant Chandak India's April business growth at near 14-year high, PMIs show BENGALURU, - India's business activity expanded at its fastest pace in nearly 14 years this month thanks to robust demand, according to a survey released on Tuesday that also showed easing input inflation and positive jobs growth. HSBC's flash India Composite purchasing managers' Index, compiled by S&P …

Services activity hit 13.5 year high in March: HSBC PMI
8 months, 2 weeks ago

Services activity hit 13.5 year high in March: HSBC PMI

The Hindu  

Sales and business activity in India’s Services sectors clocked their biggest expansion in over 13 and a half years in March, bolstered by a record uptick in export orders, as per the HSBC India Services Purchasing Managers’ Index which rose to 61.2 to 60.6 in February. Barring real estate and business services, input costs and output charges rose at a …

March manufacturing PMI survey signals a 16-year peak
8 months, 3 weeks ago

March manufacturing PMI survey signals a 16-year peak

The Hindu  

India’s manufacturing sector activity surged in March with new orders and output levels rising at the fastest pace since October 2020, lifting the HSBC India Manufacturing Purchasing Managers Index to a 16-year high of 59.1 from 56.9 in the previous month. Export orders also grew at the fastest pace since May 2022, and though pressures on current capacity remained mild …

Services PMI eases to 60.6, consumer inflation hits 2-year low in February
9 months, 2 weeks ago

Services PMI eases to 60.6, consumer inflation hits 2-year low in February

Hindustan Times  

Activity in India's services sector continued to accelerate in February, albeit at a slightly slower pace, according to a business survey that also showed inflationary pressures were cooling. The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, fell to 60.6 last month from January's six-month high of 61.8 and confounding a preliminary reading for a rise to 62.0. …

India’s economy surges further ahead in February
10 months ago

India’s economy surges further ahead in February

Live Mint  

The Indian economy, which expanded at a four-month high in January, continued to strengthen in February, seeing accelerations in both manufacturing and services sectors during the month. While services sector growth climbed to a seven-month high in February, manufacturing sector growth reached a five-month high, firming India’s position as one of the fastest-growing major economies. The HSBC Flash India Composite …

India's manufacturing sector growth climbs to four-month high in January on sharper upturn in new orders: HSBC PMI
10 months, 3 weeks ago

India's manufacturing sector growth climbs to four-month high in January on sharper upturn in new orders: HSBC PMI

The Hindu  

“India’s manufacturing sector growth climbed to a four-month high in January as a sharper upturn in new orders boosted output growth amid mild cost inflation,” a monthly survey said on February 1. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index recovered from an 18-month low of 54.9 in December to 56.5 in January. According to the survey, new orders …

India’s Manufacturing Sector Growth Marks 18-Month Low At 54.9 In Dec
11 months, 3 weeks ago

India’s Manufacturing Sector Growth Marks 18-Month Low At 54.9 In Dec

ABP News  

India’s manufacturing sector logged a decline as the sector’s growth declined to an 18-month low of 54.9 in December owing to a muted increase in factory orders and output, despite minimal inflation, the monthly survey conducted by S&P Global revealed on Wednesday. The HSBC India Manufacturing PMI survey, conducted by the rating agency S&P Global, found that factory orders and …

India’s manufacturing sector growth dips to 18-month low in December on softer rise in output
11 months, 3 weeks ago

India’s manufacturing sector growth dips to 18-month low in December on softer rise in output

Firstpost  

India’s manufacturing sector growth fell to an 18-month low in December amid softer increase in factory orders and output, despite minimal inflation, a monthly survey said on Wednesday. The HSBC India Manufacturing PMI survey, conducted by S&P Global, showed that there were softer, albeit sharp, increase in factory orders and output, while business confidence towards the year-ahead outlook strengthened. The …

Services sector activity hits 1-year low in November on slow demand, output
1 year ago

Services sector activity hits 1-year low in November on slow demand, output

Live Mint  

India’s service sector activity in November slowed to the lowest levels over the previous 12 months, according to a private survey released on Tuesday, owing to slowing growth for both new orders and output across key services. “Despite falling from 58.4 in October to a one-year low of 56.9 in November, the seasonally adjusted S&P Global India Services Business Activity …

India's Manufacturing PMI In October Slips To 55.5 On Weak Demand, Lowest In Eight Months
1 year, 1 month ago

India's Manufacturing PMI In October Slips To 55.5 On Weak Demand, Lowest In Eight Months

ABP News  

Manufacturing activity in India dropped to its lowest in eight months in October, credit rating agency S&P Global’s survey said this on Wednesday. According to the survey, the Manufacturing Purchasing Managers' Index slipped to 55.5 in October because of competitive pressure and weak demand. Pollyanna De Lima, economics associate director, S&P Global Market Intelligence, said, "The survey's new orders index …

Services PMI signals September boost
1 year, 2 months ago

Services PMI signals September boost

The Hindu  

India’s services sector activity gained momentum in September, with new orders rising at the second fastest rate since June 2010, as per the S&P Global India Services Purchasing Managers’ Index, which moved up to 61 from 60.1 in August. Growth in new international orders slowed to a three-month low, yet was one of the quickest since September 2014, S&P Global …

Manufacturing PMI eased to 5-month low in September
1 year, 2 months ago

Manufacturing PMI eased to 5-month low in September

The Hindu  

India’s manufacturing sector activity moderated to a five-month low in September with new orders slowing down, as per the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index, which eased to 57.5 from 58.6 in August. While inflation in input costs eased to the lowest in over three years, firms raised output charges at a sharper pace than the long-run …

India's services exports post fastest growth in 9 years
1 year, 3 months ago

India's services exports post fastest growth in 9 years

Deccan Chronicle  

NEW DELHI: India's services activity continued to expand in August, though the purchasing managers' index or PMI services dropped to 60.1 in the month from the previous reading of 62.3 in July. However, the survey also showed that hiring activity across India's service economy continued to expand halfway through the second fiscal quarter. Commenting on the survey, Pollyanna De Lima, …

UK services sector shrinks for first time since January as demand wanes
1 year, 3 months ago

UK services sector shrinks for first time since January as demand wanes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK services sector contracted …

S&P Global India Manufacturing PMI signals August activity hit nearly three-year high
1 year, 3 months ago

S&P Global India Manufacturing PMI signals August activity hit nearly three-year high

The Hindu  

Manufacturing firms’ order books and output levels expanded at the fastest pace in nearly three years this August, as per the S&P Global India Manufacturing Purchasing Managers’ Index that rose to 58.6 last month from 57.7 in July. Though input costs escalated, firms replenished their inventories at the second highest pace in 18-and-a-half years and restrained from hiking selling prices …

Momentum softens: The Hindu Editorial on S&P Global’s survey
1 year, 5 months ago

Momentum softens: The Hindu Editorial on S&P Global’s survey

The Hindu  

July 07, 2023 12:20 am | Updated 12:39 am IST The latest Purchasing Managers’ Index for India’s manufacturing sector and the Services Business Activity Index for the economy’s broader services sector from S&P Global, posit a softening in momentum in economic activity. Its survey of about 400 manufacturers shows that production growth at major private sector factories eased marginally last …

Pricing edge may cost services firms
1 year, 6 months ago

Pricing edge may cost services firms

Live Mint  

Business activity in India’s services sector moderated slightly in May. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 61.2 in May from 62 in the previous month. Despite this, the latest reading indicated second strongest growth rate in just under 13 years, said services PMI survey report. View Full Image Graphic: Mint Although new export …

India’s manufacturing PMI hits highest level since October 2020 in May
1 year, 6 months ago

India’s manufacturing PMI hits highest level since October 2020 in May

The Hindu  

The S&P Global India Manufacturing Purchasing Managers’ Index surged to a 31-month high of 58.7 in May, with factory orders rising at the fastest clip since January 2021 and producers accumulating inputs at an unprecedented pace thanks to lower costs. While input costs “remained historically mild”, S&P Global said its survey of about 400 firms that forms the basis of …

Buoyancy check: on the findings of the S&P Global Services PMI Business Activity Index
1 year, 7 months ago

Buoyancy check: on the findings of the S&P Global Services PMI Business Activity Index

The Hindu  

India’s services sector seems to have had a great start to the financial year, if one were to go purely by the findings of the S&P Global Services PMI Business Activity Index. On the trade front, India’s services exports are estimated to have hit a record $325 billion in 2022-23, reflecting a growth of almost 28% over the previous year. …

For India’s Services firms, April was the best month in almost 13 years: S&P Global PMI
1 year, 7 months ago

For India’s Services firms, April was the best month in almost 13 years: S&P Global PMI

The Hindu  

India’s services sector recorded its highest uptick in new business and output levels since June 2010 this April, led by a strong upturn in the Finance and Insurance segment, as per the seasonally adjusted S&P Global India Services PMI® Business Activity Index, which rebounded from a decline to 57.8 in March to 62 in April. “India’s service sector posted a …

India's manufacturing PMI hits four-month high in April
1 year, 7 months ago

India's manufacturing PMI hits four-month high in April

Firstpost  

Manufacturing activities in India touched a four-month high in April, through robust new business growth, mild price pressures, better international sales, and improving supply-chain conditions, according to a monthly survey. Companies also benefitted from relatively mild price pressures, better international sales, and improving supply-chain conditions,” Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence, said. Looking ahead, Indian …

S&P Global PMI signals Indian manufacturing hit a four-month peak in April
1 year, 7 months ago

S&P Global PMI signals Indian manufacturing hit a four-month peak in April

The Hindu  

For India’s manufacturing sector, new orders and production levels recorded their strongest growth so far in 2023 during April as per the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index, which rose to 57.2 from 56.4 in March. “Not only did buying levels expand for the 22nd successive month, but also at a sharp rate that was the strongest …

India's Manufacturing PMI In April Hits 4-Month High On Robust Demand
1 year, 7 months ago

India's Manufacturing PMI In April Hits 4-Month High On Robust Demand

News 18  

India’s factory activity expanded at its quickest pace in four months in April, driven by solid growth in new orders and output, a private survey showed on Monday, signalling resilient demand and an encouraging outlook. Besides seeing the strongest inflow of new work in 2023 so far, capacities were expanded through job creation, input buying was lifted.” Both new orders …

Manufacturing PMI, 56.4, at three-month high in March: S&P Global PMI
1 year, 8 months ago

Manufacturing PMI, 56.4, at three-month high in March: S&P Global PMI

The Hindu  

New orders and production levels surged to a three-month high in March even as input cost inflation for manufacturing firms slipped to the second-lowest mark in two-and-a-half years, as per the S&P Global India Manufacturing Purchasing Managers’ Index. New export orders grew at a faster pace in March than the previous month, but remained “slight and historically subdued”, S&P Global …

UK service sector rebounds in February as recession fears start to fade
1 year, 9 months ago

UK service sector rebounds in February as recession fears start to fade

The Independent  

Britain’s service sector bounced back to growth last month in a sign that recession fears have eased and business optimism has improved. Furthermore, input cost inflation fell to its lowest level since June 2021, largely thanks to falling wholesale gas prices, reduced shipping rates and lower fuel bills, the report found. Inflationary pressures still had a vice-like grip on some …

India's services sector activity hits 12-year high in February: PMI
1 year, 9 months ago

India's services sector activity hits 12-year high in February: PMI

The Hindu  

The Indian services sector expanded at the strongest rate in 12 years in February supported by favourable demand conditions and new business gains, a monthly survey said on March 3. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 57.2 in January to 59.4 in February -- its highest level in 12 years. "The service sector …

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