UK expected to leave recession as private sector grows at nine-month high
1 year, 1 month ago

UK expected to leave recession as private sector grows at nine-month high

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’s private sector has grown at the fastest rate since May last year, amid a strong performance among the services sector. The survey data points to the economy growing at a quarterly rate of 0.2-0.3% in the first quarter of 2024, allaying fears that last year's downturn will have spilled over into 2024 and suggesting that the UK’s ‘recession’ is already over Chris Williamson, S&P Global Market Intelligence Economists had forecast the PMI would hit 53.0, according to a consensus provided by Pantheon Macroeconomics. Chris Williamson, chief business economist at S&P Global Market Intelligence, said: “The survey data points to the economy growing at a quarterly rate of 0.2-0.3% in the first quarter of 2024, allaying fears that last year’s downturn will have spilled over into 2024 and suggesting that the UK’s ‘recession’ is already over. “It’s particularly encouraging to see that the upturn in growth has been accompanied by a surge in optimism about year-ahead prospects to the highest for two years.” The survey found that many firms linked improved confidence to improved borrowing costs, resilient consumer demand and hopes for a return to broader growth across the economy.

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History of this topic

India’s private sector growth slows in March, manufacturing stays strong: HSBC flash PMI survey
5 days, 10 hours ago

India’s private sector growth slows in March, manufacturing stays strong: HSBC flash PMI survey

Live Mint  

New Delhi: India’s private sector showed signs of softening in March, with overall business activity expanding at a slower pace than in February, according to an HSBC flash survey. The HSBC Flash India Composite Output Index, which tracks manufacturing and services activity, dipped to 58.6 in March from 58.8 in February. Read this | Accenture becomes first IT services company …

Services firms slash jobs at fastest rate since 2020 as companies brace for Labour's tax hikes amid slowdown
3 weeks, 3 days ago

Services firms slash jobs at fastest rate since 2020 as companies brace for Labour's tax hikes amid slowdown

Daily Mail  

Service sector firms slashed jobs at the fastest pace since 2020 last month as companies brace for Labour's tax hikes. The closely-watched S&P Global UK services PMI showed the economy effectively flatlining last month, with a score of 51. The closely-watched S&P Global UK services PMI showed the economy effectively flatlining last month, with a score of 51 Labour increased …

UK services job cuts intensify before employment tax hike, PMI survey shows
Trending News
3 weeks, 3 days ago

UK services job cuts intensify before employment tax hike, PMI survey shows

Live Mint  

By Suban Abdulla LONDON, March 5 - British services firms in February cut staff at the fastest pace since 2020 ahead of tax and minimum-wage hikes that come into effect next month, an industry survey showed on Wednesday. "Less upbeat business expectations and another month of sharply rising input prices led to net job shedding across the service economy in …

PMI data: India’s services growth recovers in February after slowing in January
Trending News
3 weeks, 3 days ago

PMI data: India’s services growth recovers in February after slowing in January

Live Mint  

New Delhi: India's services sector expanded faster in February after growing at its slowest pace in more than two years during January, a private survey released on Wednesday showed. The seasonally adjusted HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, rose to 59 in February from 56.5 in January, remaining comfortably above the 50-point mark that separates expansion …

India's services sector growth sees sharp uptick in February: PMI
3 weeks, 3 days ago

India's services sector growth sees sharp uptick in February: PMI

The Hindu  

India's services sector activity witnessed a sharp uptick in February boosted by improving domestic and international demand, which resulted in a quicker expansion in output and a substantial increase in employment, a monthly survey said on Wednesday. Private sector output, as measured by the HSBC Composite Purchasing Manager’s Index, grew to 58.8 in February 2025, led by uptick in services …

Robust demand, firm business outlook propels India’s services sector growth: Survey
3 weeks, 3 days ago

Robust demand, firm business outlook propels India’s services sector growth: Survey

Live Mint  

Growth in India's services sector accelerated in February, supported by robust demand and a firm business outlook that led to a substantial increase in hiring, a survey showed. HSBC's final India services Purchasing Managers' Index, compiled by S&P Global, rose to 59.0 in February from January's 26-month low of 56.5 but was lower than a preliminary estimate of 61.1. "Global …

Singapore's private sector returns to growth in February: S&P Global
3 weeks, 3 days ago

Singapore's private sector returns to growth in February: S&P Global

China Daily  

SINGAPORE -- Business conditions in Singapore's private sector improved in February after a sluggish start of the year, with the seasonally adjusted Purchasing Manager's Index rising to 51.0 from January's 49.9, according to an S&P Global report released on Wednesday. While February's reading pointed to improvement, the report described the rate of expansion as "only modest." On the price front, …

UK factories cut jobs at fastest pace since 2020 Covid crisis but raise hopes rises for pick-up in economy
3 weeks, 5 days ago

UK factories cut jobs at fastest pace since 2020 Covid crisis but raise hopes rises for pick-up in economy

Firstpost  

The S&P Global Purchasing Managers’ Index for UK manufacturing remained below the 50.0 threshold that divides growth from contraction for a fifth month in a row, sinking to a 14-month low of 46.9 in February. British factories reduced their workforce at the fastest rate in nearly five years last month, as the government’s payroll tax hike began to increase costs …

Manufacturing PMI slides to 56.3 in February on 14-month slowdown in sales growth
3 weeks, 5 days ago

Manufacturing PMI slides to 56.3 in February on 14-month slowdown in sales growth

The Hindu  

India’s private sector manufacturing activity, as measured by the HSBC Manufacturing Purchasing Managers Index, slowed to 56.3 on sales growing the slowest in more than a year in February 2025, according to a statement from HSBC. “Robust global demand continued to boost growth in the Indian manufacturing sector, which increased its purchasing activity and employment. Although output growth slowed to …

UK businesses cutting jobs at fastest rate since 2020
1 month, 1 week ago

UK businesses cutting jobs at fastest rate since 2020

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 UK businesses have been slashing …

Flash India PMI expands to 60.6 in February on robust service sector indicators
1 month, 1 week ago

Flash India PMI expands to 60.6 in February on robust service sector indicators

The Hindu  

India’s service sector activity, as measured by the HSBC Flash India Composite Purchasing Managers’ Index, rose to 60.6 in February, up from 57.7 in January 2025, according to a statement from HSBC. The HSBC Flash PMI reflects private sector activity before the final reading is published, based on a sample that includes about three-quarters of the total companies surveyed for …

Services activity boosts private sector growth in Feb even as manufacturing slows: HSBC Flash PMI survey
1 month, 1 week ago

Services activity boosts private sector growth in Feb even as manufacturing slows: HSBC Flash PMI survey

Live Mint  

New Delhi: India's private sector output increased at the fastest pace in six months during February amid a quicker expansion in services activity, according to an HSBC flash survey released on Friday. The services sector experienced an acceleration, with the HSBC Flash India Services PMI Business Activity Index rising to 61.1 in February from 56.5 in January. Meanwhile, India’s manufacturing …

India’s private sector growth hits six-month high in February: HSBC Flash PMI data
1 month, 1 week ago

India’s private sector growth hits six-month high in February: HSBC Flash PMI data

Live Mint  

New Delhi, February 21 : India's private sector output surged to a six-month high in February, powered by a sharp expansion in services activity, according to the latest HSBC Flash PMI data. The seasonally adjusted HSBC Flash India Composite Output Index rose to 60.6, up from 57.7 in January, marking its strongest pace of growth since August 2024 and remaining …

Services job cuts rise as stagflation takes ‘a firmer hold’ of sector
1 month, 3 weeks ago

Services job cuts rise as stagflation takes ‘a firmer hold’ of sector

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. Businesses widely noted sharply rising salary payments, and many …

PMI data: India’s services growth slows to more than two-year low in January
Top News
1 month, 3 weeks ago

PMI data: India’s services growth slows to more than two-year low in January

Live Mint  

New Delhi: India's service sector expanded at its slowest pace in more than two years during January, owing to lower demand and a softer increase in sales and output, a private survey released on Wednesday said. The seasonally adjusted HSBC India Services Purchasing Managers’ Index, compiled by S&P Global, fell to 56.5 in January, its lowest since November 2022, but …

India's services sector growth sees slowest pace of growth in over two years in January: PMI
1 month, 3 weeks ago

India's services sector growth sees slowest pace of growth in over two years in January: PMI

The Hindu  

India's services sector activity expanded at the slowest pace in over two years in January amid softer increases in sales and output, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 59.3 in December to 56.5 in January -- its lowest level since November. The business activity and new business PMI …

India's services sector growth sees slowest pace of growth in over two years in Jan: PMI
1 month, 3 weeks ago

India's services sector growth sees slowest pace of growth in over two years in Jan: PMI

New Indian Express  

NEW DELHI: India's services sector activity expanded at the slowest pace in over two years in January amid softer increases in sales and output, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 59.3 in December to 56.5 in January -- its lowest level since November In the Purchasing Managers' Index …

Factory activity falls again as rising costs and weak demand hit manufacturers
1 month, 3 weeks ago

Factory activity falls again as rising costs and weak demand hit manufacturers

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. Business optimism consequently remains close to December's two-year low, …

Fact check: Survey shows more firms cutting jobs than at any time since lockdown
2 months ago

Fact check: Survey shows more firms cutting jobs than at any time since lockdown

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 A Conservative Party advert has …

UK faces ‘stagflation’ warning amid rising costs and faltering growth
2 months ago

UK faces ‘stagflation’ warning amid rising costs and faltering growth

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’s private sector grew …

Private sector activity slides to a 14-month low in January: PMI
2 months ago

Private sector activity slides to a 14-month low in January: PMI

The Hindu  

In a sobering first indicator about India’s economy in 2025, private sector activity appears to have hit the brakes in January with output and growth levels sliding to a 14-month low, as per the survey-based HSBC Flash Purchasing Managers’ Indices. With the rise in new business intakes receding, aggregate output increased at the weakest pace since November 2023,” said S&P …

India’s service sector growth slows in January, but manufacturing gains momentum: HSBC Flash PMI
2 months ago

India’s service sector growth slows in January, but manufacturing gains momentum: HSBC Flash PMI

Live Mint  

New Delhi: India's private sector began 2025 on a slower growth trajectory as momentum in the services sector eased and the pace of new business intake softened. The HSBC Flash India Composite Output Index, which tracks monthly changes in combined output from manufacturing and services, fell from 59.2 in December to 57.9 in January, marking the slowest expansion in 14 …

Growth in UK construction sector slows to six-month low as housebuilding drags
2 months, 3 weeks ago

Growth in UK construction sector slows to six-month low as housebuilding drags

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 Growth across the UK’s construction …

India's services sector ended 2024 on a strong footing, PMI shows
Trending News
2 months, 3 weeks ago

India's services sector ended 2024 on a strong footing, PMI shows

Deccan Chronicle  

India's dominant services sector ended 2024 on a high note as sustained demand boosted activity to a four-month high and led to strong hiring in December, while inflationary pressures eased, a survey showed.The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, rose to 59.3 in December from 58.4 in November, its highest since August but lower than …

Manufacturing industry shrinks at fastest rate in 11 months in ‘winter chill’
2 months, 3 weeks ago

Manufacturing industry shrinks at fastest rate in 11 months in ‘winter chill’

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 British factory output contracted at …

India’s Private Sector Hits 4-Month High in December: PMI Data
3 months, 1 week 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
3 months, 1 week 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
3 months, 3 weeks 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
3 months, 3 weeks 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 Manufacturing PMI Slips to 56.5 in November
3 months, 3 weeks 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 output shrinks for first time in more than a year
4 months, 1 week ago

Private sector output shrinks for first time in more than a year

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 Activity across the UK’s private …

UK firms report first contraction in output since 2023, PMI shows
4 months, 1 week ago

UK firms report first contraction in output since 2023, PMI shows

Hindustan Times  

By William Schomberg UK firms report first contraction in output since 2023, PMI shows LONDON, - British business output shrank for the first time in more than a year and tax increases in the new government's first budget hit hiring and investment plans, a survey showed, a fresh setback for Prime Minister Keir Starmer's push for economic growth. The preliminary …

Starmer's hammer blow to British economy: Private sector shrinks for first time in a YEAR after Labour's Budget tax raid - while shops warn of job cuts and price rises after anxious Brits hold back on
4 months, 1 week ago

Starmer's hammer blow to British economy: Private sector shrinks for first time in a YEAR after Labour's Budget tax raid - while shops warn of job cuts and price rises after anxious Brits hold back on

Daily Mail  

The UK's private sector has gone into reverse for the first time in a year as the impact of Labour's eye-watering Budget tax raid becomes clear. The blow - which helped push the pound to a six-month low against the US dollar - emerged as separate figures revealed shops saw sales slump last month ahead of Rachel Reeves' major tax …

Flash PMI signals India’s private sector activity at three-month high in November
4 months, 1 week ago

Flash PMI signals India’s private sector activity at three-month high in November

The Hindu  

Activity levels across India’s private sector are seeing a modest uptick this month, even as cost pressures have surged to a 16-month high for both services and manufacturing players, compelling them to raise prices charged to customers at a pace not seen since February 2013, as per the HSBC Flash India Purchasing Managers’ Index. The Flash PMI is an early …

Growth in UK construction sector slows amid housebuilding decline
4 months, 3 weeks ago

Growth in UK construction sector slows amid housebuilding decline

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. Survey respondents reported that the pipeline of new work …

UK factory activity shrinks for first time since April
4 months, 4 weeks ago

UK factory activity shrinks for first time since April

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 Activity in the UK’s manufacturing …

Construction firms report fastest growth in two years as recovery gathers pace
5 months, 3 weeks ago

Construction firms report fastest growth in two years as recovery gathers pace

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. Tim Moore, economics director at S&P Global Market Intelligence, …

Growth in services sector accelerates amid easing inflation, data shows
6 months, 3 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, …

Purchasing Managers’ Index (PMI): Manufacturing activity at 3-month low in August
6 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 …

Services PMI signals mild dip in July; output prices raised at fastest pace in 7 years
7 months, 3 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 …

UK economy returns to growth in May
8 months, 2 weeks ago

UK economy returns to growth in May

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. ONS director of economic statistics Liz McKeown said: “The …

‘Pre-General Election seize-up’ sees services sector growth slow – survey
8 months, 3 weeks ago

‘Pre-General Election seize-up’ sees services sector growth slow – survey

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 Growth in the UK’s services …

Surveys show Chinese economy growing but at modest pace
8 months, 4 weeks ago

Surveys show Chinese economy growing but at modest pace

Associated Press  

BANGKOK — Surveys of Chinese factory managers showed a mixed outlook for the world’s second-largest economy in June, with growth steady but not picking up much steam. “From the perspective of output, China’s economy is maintaining expansion, but the momentum of recovery still needs to be consolidated,” the official Xinhua News Agency cited Zhao Qinghe, senior statistician for the National …

India's Business Growth Surges in June: PMI Report
9 months, 1 week 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 …

UK no longer in recession after economy grows 0.6% in last quarter
10 months, 2 weeks ago

UK no longer in recession after economy grows 0.6% in last quarter

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. open image in gallery Jeremy Hunt said the economy …

UK economy exits recession after 0.6% growth in latest quarter
10 months, 2 weeks ago

UK economy exits recession after 0.6% growth in latest quarter

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. ONS director of economic statistics Liz McKeown said: “After …

UK construction rebound picks up pace but housebuilding slump persists
10 months, 3 weeks ago

UK construction rebound picks up pace but housebuilding slump persists

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 A rebound in the UK’s …

Japan’s service activity extends gains on solid demand, PMI shows
10 months, 3 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 …

March manufacturing PMI survey signals a 16-year peak
11 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 …

India's Business Activity Hits Eight-Month High In March: PMI
1 year ago

India's Business Activity Hits Eight-Month High In March: PMI

ABP News  

India's business activity concluded the fiscal year on a positive trajectory, marking its fastest expansion in eight months in March, according to a recent business survey. New orders rose at a faster pace than in the previous month, and within that, both domestic and export orders showed improved vigour,” said Pranjul Bhandari, chief India economist at HSBC. The index monitoring …

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