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 manufacturing firms, indicated a slightly slower pace of growth than June, with the HSBC India Composite Output Index cooling to 60.7 in July from 60.9 in June. Manufacturing activity led the upturn for the sixth successive month, but output prices were raised at the swiftest pace in nearly 11 and a half years in July with goods producers reporting higher cost pressures than services firms. “Service sector activity rose at a slightly slower pace in July, with new business increasing further, primarily driven by domestic demand,” noted Pranjul Bhandari, chief India economist at HSBC.

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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. …

Manufacturing PMI falls to 56.5 in November
3 weeks 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
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 …

India factory growth softened in Nov on high inflationary pressures
3 weeks, 1 day ago

India factory growth softened in Nov on high inflationary pressures

Deccan Chronicle  

India's factory growth cooled in November yet maintained a strong pace, leading to significantly improved optimism despite demand easing a bit due to higher price pressures, a business survey found.Asia's third-largest economy expanded a lacklustre 5.4% in the July-September quarter, official data showed on Friday, led by tepid growth in manufacturing and consumption. The rate was much lower than the …

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, …

Manufacturing Sector Recovers Strongly in October, with PMI Reaching 57.5
1 month, 2 weeks 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
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 …

Factory activity also cooled in September
2 months, 3 weeks 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 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 …

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’ …

​Election overhang: The Hindu Editorial on economic activity
4 months, 2 weeks 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
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 Manufacturing Sector PMI Shoots Up To Second Best High In 3.5 Years
7 months, 3 weeks 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
7 months, 3 weeks 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 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 manufacturing PMI inched up to 56.9 in February
9 months, 3 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 …

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 January services PMI hits 6-month high amid strongest upturn in new business since mid-2023
10 months, 2 weeks 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
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 …

Indian economy gains momentum in January: HSBC
11 months 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
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 …

Manufacturing activity hit 18-month low in December: HSBC PMI
11 months, 3 weeks 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 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 …

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 growth cools in Sep; higher rates may keep it lower for longer
1 year, 2 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 …

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, …

India's Manufacturing PMI Jumps to 58.6 in August, Hits 3-Month High
1 year, 3 months ago

India's Manufacturing PMI Jumps to 58.6 in August, Hits 3-Month High

News 18  

India’s factory growth accelerated at the fastest pace in three months in August, driven by strong growth in new orders and output, according to a private survey that however also showed job creation was at a four-month low. The Manufacturing Purchasing Managers’ Index, compiled by S&P Global, jumped to 58.6 last month from 57.7 in July, the highest since May …

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