India’s services sector experienced a significant surge in activity in February, driven by strengthening domestic and international demand. This led to a faster expansion in output and a notable rise in employment, according to a monthly survey released on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index...
India’s manufacturing sector experienced a slight slowdown in February, with the Purchasing Managers’ Index (PMI) declining to 56.3 from 57.7 in January, according to data released by S&P Global on Monday. This dip was driven by a moderate decline in the pace of new orders and production. However, despite the...
India’s private sector output reached a six-month high in February, fueled by a sharp expansion in services activity, according to the latest HSBC Flash PMI data. The seasonally adjusted HSBC Flash India Composite Output Index increased to 60.6 from 57.7 in January, marking its strongest expansion since August 2024 and...
India’s services sector exhibited impressive growth in September, with the S&P Global India Services Purchasing Managers’ Index (PMI) rising to 61 from August’s 60.1. This consistent expansion since August 2021 reflects the sector’s longest growth streak since 2011. Â Driven by surging demand and strong sales, India’s services industry, a...
India’s manufacturing sector is seeing fresh momentum, with the manufacturing Purchasing Managers’ Index (PMI) increasing from 56.4 in February to 57.2 in March. Firms are seeing the quickest pace of new orders placed with goods producers since last December, even though job creation was only ‘slight’. Image Source: Pexels The...
Manufacturing PMI data reached a record high for India in October 2020, reflecting pent-up domestic demand, a positive sentiment due to the festive season and optimism on a possible uptick in exports in the coming months. India’s manufacturing PMI has risen to a high of 58.9 in October as compared...
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