India's Manufacturing PMI Shows Steady Growth in February
1 year, 10 months ago

India's Manufacturing PMI Shows Steady Growth in February

News 18  

The growth momentum in India’s manufacturing sector was maintained in February, with new orders and output increasing at similar rates to January, according to a monthly survey. “India’s manufacturing industry sustained robust growth of output and new orders halfway through the final fiscal quarter, albeit with a notable slowdown in the rate of international sales expansion,” the survey released on Wednesday said. “… most of the upturn in new orders welcomed by firms was domestically driven as international sales rose at a marginal pace that was the weakest in almost a year,” Lima said. The S&P Global India Manufacturing PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers.

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History of this topic

India's services sector ended 2024 on a strong footing, PMI shows
Trending News
1 week, 2 days 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 …

India's manufacturing activity grew at its weakest pace in 2024
1 week, 5 days ago

India's manufacturing activity grew at its weakest pace in 2024

Deccan Chronicle  

New Delhi: Despite easing cost pressures and strong job growth, India's manufacturing activity grew at its weakest pace for the year 2024, falling to a 12-month low in December this year as new business orders and production expanded at softer rates. “The ongoing improvements in new work intakes prompted manufacturing companies in India to purchase additional inputs for use in …

India’s manufacturing growth at 12-month low in December
Trending News
1 week, 6 days ago

India’s manufacturing growth at 12-month low in December

Live Mint  

New Delhi: India’s manufacturing growth slowed to a 12-month low in December amid a softer increase in factory orders and production, a private survey said. The HSBC India Manufacturing Purchasing Managers Index, compiled by S&P Global, was recorded at 56.4 in December, down from 56.5 in November. According to the survey, at 56.4 in December, the seasonally adjusted HSBC India …

India’s factory output at 12-month low, December second month of declining activity in a row
Trending News
1 week, 6 days ago

India’s factory output at 12-month low, December second month of declining activity in a row

Firstpost  

India’s Manufacturing Purchasing Managers’ Index fell to 56.4, down from 56.5 in November. Source: Reuters India’s manufacturing activity logged its weakest growth of 2024 in December with the Manufacturing Purchasing Managers’ Index, or PMI, declining to a 12-month low of 56.4, down from 56.5 in November. The HSBC India Manufacturing Purchasing Managers’ Index averaged over 57.5 in 2024, compared with …

India’s manufacturing sector showed robust job creation, December PMI at 56.4
1 week, 6 days ago

India’s manufacturing sector showed robust job creation, December PMI at 56.4

Live Mint  

New Delhi, January 2 : India's manufacturing sector showcased continued resilience in December 2024, with employment rising for the tenth consecutive month and reaching its fastest pace of job creation in four months, according to HSBC India Manufacturing Purchasing Managers' Index. India's manufacturing sector ended 2024 on a softer note as the PMI for December fell to 56.4, marking the …

India’s Private Sector Hits 4-Month High in December: PMI Data
4 weeks, 2 days 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
4 weeks, 2 days 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
1 month, 1 week 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
1 month, 1 week 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 …

Manufacturing PMI falls to 56.5 in November
1 month, 1 week ago

Manufacturing PMI falls to 56.5 in November

Hindustan Times  

NEW DELHI India’s manufacturing activity, as measured by the HSBC India Manufacturing Purchasing Managers’ Index, came at 56.5 in November, lower than the 57.5 reading in October and the flash PMI reading of 57.3, according to a release by S&P Global on Monday. Manufacturing PMI falls to 56.5 in November To be sure, the reading remained above its long-run average …

India's Manufacturing PMI Slips to 56.5 in November
1 month, 1 week 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 …

PMI: Consumption fatigue hits manufacturers
1 month, 1 week ago

PMI: Consumption fatigue hits manufacturers

Live Mint  

Manufacturing activity has slowed amid worries that India’s consumption story is fizzling out. India Inc’s Q2FY25 results also mirrored this pain, with corporates pointing out stress in urban consumption due to weak real incomes and rural demand yet to recover. The Q2 manufacturing weakness is unlikely to reverse fully in H2FY25 amid increased global uncertainty, said a Standard Chartered Global …

Services sector boosts business activity as manufacturing growth slows in Nov
1 month, 3 weeks 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, …

Flash PMI signals India’s private sector activity at three-month high in November
1 month, 3 weeks 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 …

Retail inflation hits 14-month high, rises to 6.21 per cent in October
2 months ago

Retail inflation hits 14-month high, rises to 6.21 per cent in October

India TV News  

India’s retail inflation surged to a 14-month high of 6.21% in October, exceeding the Reserve Bank of India’s target range. India’s Index of Industrial Production showed a positive shift, expanding by 3.1% in September compared to a 0.1% contraction in August. According to data from the Ministry of Statistics and Programme Implementation, key sectors such as mining, manufacturing, and electricity …

Manufacturing Sector Recovers Strongly in October, with PMI Reaching 57.5
2 months, 1 week ago

Manufacturing Sector Recovers Strongly in October, with PMI Reaching 57.5

ABP News  

India's manufacturing sector rebounded in October, with the seasonally adjusted PMI rising to 57.5. The rise was driven by strong demand, increased new orders, and a boost in international sales. The sector's performance was buoyed by strong domestic demand as well as increased international orders. New export orders also grew in October, bouncing back after a sluggish September.

India’s manufacturing activity rises in October driven by growth in new orders
2 months, 1 week 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 …

Factory activity also cooled in September
3 months, 1 week ago

Factory activity also cooled in September

The Hindu  

Activity levels in India’s manufacturing sector mellowed in September, with factory output and sales growing at the slowest pace so far in 2024, and export orders rising at the mildest pace in 18 months, as per the survey-based HSBC India Manufacturing Purchasing Managers’ Index. The seasonally adjusted PMI reading for September slipped to the lowest level since this January at …

Indian businesses grow at slowest pace in nine months, says HSBC Flash PMI
3 months, 3 weeks ago

Indian businesses grow at slowest pace in nine months, says HSBC Flash PMI

Live Mint  

New Delhi: India's business activity moderated in September, with output and new orders growing at the slowest pace in nine months, according to the flash survey by HSBC Holdings Plc. The HSBC flash PMI survey, compiled by S&P Global, highlighted strong new business inflows, solid job creation, and optimistic growth expectations. The India Services Purchasing Managers’ Index Business Activity Index …

Purchasing Managers’ Index (PMI): Manufacturing activity at 3-month low in August
4 months, 1 week 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 …

India’s economic activity slipped slightly in August, PMI shows
4 months, 3 weeks 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’ …

​Election overhang: The Hindu Editorial on economic activity
5 months, 1 week ago

​Election overhang: The Hindu Editorial on economic activity

The Hindu  

Production in India’s eight core infrastructure sectors remained largely dampened by the impact of a slowdown in state spending on public works in June, when the general election ended in the early part of the month leading to the formation of a new government at the Centre. Provisional data on the Index of Eight Core Industries released by the Commerce …

PMI signals factory activity eased a tad in July; price pressures mount
5 months, 2 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, 3 weeks 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 industrial output's year-on-year growth increases to 5% in April 2024
7 months ago

India's industrial output's year-on-year growth increases to 5% in April 2024

Hindustan Times  

The Index of Industrial Production grew by 5% for April 2024, compared to 4.6% growth during the same month of the previous year. IIP tracks activity in manufacturing, mining, and electricity generation IIP shows the performance of the industrial sector. The IIP figure for April 2024 stood at 147.7 compared to 140.7 in the same month last year, according to …

India’s Business Activity Hits 14-Year High in May
7 months, 3 weeks 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 …

India's Index of Industrial Production growth slows to 4.9% as mining sector sees decline
8 months ago

India's Index of Industrial Production growth slows to 4.9% as mining sector sees decline

Deccan Chronicle  

New Delhi:With the poor performance, mostly in the mining sector, India’s industrial output slowed marginally to 4.9 per cent in March this year as compared to the previous month. The factory output measured in terms of the index of industrial production or IIP was 5.6 per cent in February 2024, while it saw a growth of 1.9 per cent in …

Industrial output slows to 4.9% in March
8 months ago

Industrial output slows to 4.9% in March

The Hindu  

India’s industrial output growth slowed to 4.9% in March from 5.6% in February, as per the National Statistical Office, with base effects from last March when output had tanked 1.9%, boosting the uptick. Manufacturing, which constitutes 77.6% of the Index of Industrial Production, grew at a five-month high pace of 5.2% in March, relative to a mild 1.5% uptick in …

India's Manufacturing Sector PMI Shoots Up To Second Best High In 3.5 Years
8 months, 1 week ago

India's Manufacturing Sector PMI Shoots Up To Second Best High In 3.5 Years

Deccan Chronicle  

The growth in India's manufacturing sector moderated slightly in April but remained robust, witnessing the second-best improvement in operating conditions in three-and-a-half years. Despite falling from 59.1 in March to 58.8 in April, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index or PMI signalled a significant improvement in demand for the health of the sector, prompting firms to ramp …

India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years
8 months, 1 week ago

India’s April manufacturing PMI sees second-best improvement in operating conditions in three-and-a-half years

The Hindu  

India’s manufacturing sector activity moderated slightly in April, but still witnessed the second-best improvement in operating conditions in three-and-a-half years, as per the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index™ which fell to 58.8 from the 16-year high of 59.1 recorded in March. Even though input costs increased, producers ramped up input purchases to the highest level since last …

India's April business growth at near 14-year high, PMIs show
8 months, 3 weeks 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
9 months, 1 week 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
9 months, 1 week 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 …

China's manufacturing activity expands in March after a 5-month lull
9 months, 2 weeks ago

China's manufacturing activity expands in March after a 5-month lull

The Hindu  

Manufacturing in China expanded in March after contracting for five consecutive months, according to an official survey of factory managers released on March 31, suggesting a rebound in industrial activities following the Lunar New Year holiday. China’s National Bureau of Statistics senior statistician Zhao Qinghe said the market became more active as companies resumed and sped up production after the …

China’s manufacturing activity expands in March after a 5-month lull
9 months, 2 weeks ago

China’s manufacturing activity expands in March after a 5-month lull

Associated Press  

BEIJING — Manufacturing in China expanded in March after contracting for five consecutive months, according to an official survey of factory managers released Sunday, suggesting a rebound in industrial activities following the Lunar New Year holiday. National Bureau of Statistics senior statistician Zhao Qinghe said the market became more active as companies resumed and sped up production after the Lunar …

Services PMI eases to 60.6, consumer inflation hits 2-year low in February
10 months, 1 week 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 manufacturing PMI inched up to 56.9 in February
10 months, 2 weeks ago

India’s manufacturing PMI inched up to 56.9 in February

The Hindu  

India’s manufacturing sector continued its recovery in February from an 18-month low in December, with production levels and sales rising at the fastest pace in five months, as per the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index. New export orders grew at the highest pace in 21 months, but employment levels changed little as firms felt existing staff strengths …

Varying manufacturing recovery casts shadow on global growth
10 months, 2 weeks ago

Varying manufacturing recovery casts shadow on global growth

China Daily  

A worker produces garment fabrics at a weaving workshop in Nantong, Jiangsu province, on Jan 24, 2024. Statistics from the China Federation of Logistics and Purchasing show that Asia's manufacturing purchasing managers' index rose above 50 percent again in January, and China's manufacturing PMI in particular rose 0.2 percentage points in January from the previous month. Although the manufacturing industry …

India’s economy surges further ahead in February
10 months, 3 weeks 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 …

There is no discord over India’s growth and employment trends
11 months ago

There is no discord over India’s growth and employment trends

Live Mint  

Coming to manufacturing, between 1998-99 and 2003-04, employment growth was 7.3 million. There is a clear slowdown in manufacturing employment growth between 2008-09 and 2013-14. So, it stands to reason that the decline in agricultural employment, which was of the order of 17.8 million, was absorbed by services and other sectors, given that the economy as a whole added 13.1 …

India's January services PMI hits 6-month high amid strongest upturn in new business since mid-2023
11 months, 1 week ago

India's January services PMI hits 6-month high amid strongest upturn in new business since mid-2023

The Hindu  

The services sector growth in India rose to a six-month high in January as new business expanded at a faster pace amid buoyant demand from domestic and external clients, a monthly survey said on Monday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 61.8 in January, up from 59 in December, pointing to the sharpest rate …

India's manufacturing sector growth climbs to four-month high in January on sharper upturn in new orders: HSBC PMI
11 months, 2 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 …

Indian economy gains momentum in January: HSBC
11 months, 3 weeks ago

Indian economy gains momentum in January: HSBC

Live Mint  

New Delhi: The Indian economy made a robust start to the new year, with private sector business activity expanding at the fastest pace in four months in January driven by strong demand. “The economy grew at a faster pace in January, led by stronger manufacturing output, as well as more robust business services activity," said Pranjul Bhandari, chief India Economist …

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

Manufacturing activity hit 18-month low in December: HSBC PMI
1 year ago

Manufacturing activity hit 18-month low in December: HSBC PMI

The Hindu  

India’s manufacturing activity slipped to an 18-month low in December 2023, as per the HSBC India Manufacturing Purchasing Managers’ Index, whose reading for the month stood at 54.9 compared to 56 in November. Input costs rose at the second-slowest rate in nearly three-and-a-half years, while inflation in output charges paid by buyers softened to a nine-month low, as per 400-odd …

Services sector activity hits 1-year low in November on slow demand, output
1 year, 1 month 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, 2 months 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, 3 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 growth cools in Sep; higher rates may keep it lower for longer
1 year, 3 months ago

Manufacturing growth cools in Sep; higher rates may keep it lower for longer

Live Mint  

The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index was resilient in September, although it did cool down a notch. What is more, the September “PMI reading is in line with some of the more timelier data," wrote Thamashi De Silva, assistant India economist, Capital Economics, in a note on 3 October. “The PMI readings on new export orders …

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