Latest news with #HSBCFlashIndiaCompositePMIOutputIndex
Hans India
3 days ago
- Business
- Hans India
PMI composite index on strong note in June
New Delhi: India's private sector showed robust growth in July, fuelled by strong manufacturing and global demand, the HSBC Flash India Composite Purchasing Managers' Index (PMI) showed on headline HSBC Flash India Composite PMI Output Index, compiled by S&P Global, rose to 60.7 in July from 58.4 in June. The Manufacturing PMI index climbed to 59.2 in July from 58.4 in June - its highest level in nearly 17-and-a-half years. The Services PMI was 59.8 in July, down from 60.4 in June. While services activity continued to grow, the pace of expansion softened, according to the note. 'India's flash composite PMI remained healthy in July at 60.7. The strong performance was bolstered by growth in total sales, export orders, and output levels. Indian manufacturers led the way, recording faster rates of expansion than services for all of the three aforementioned metrics,' said Pranjul Bhandari, chief India economist at HSBC. International orders received by private sector firms in India rose sharply at the start of the second fiscal quarter (Q2 FY26). 'Meanwhile, inflationary pressures continue to heat up as both input costs and output charges rose in July. Finally, business confidence fell to its lowest mark since March 2023, while employment growth moderated,' Bhandari Indian companies remained optimistic about output growth over the next 12 months. There is a firm pick-up in employment, especially in the service sector, suggesting healthy job creation accompanies the expansion of both India's manufacturing and service sectors, according to the note. While goods producers indicated the slowest increase in output for three months during May, service providers reported the fastest rise since March the composite level, the latest upturn was the quickest in just over a year. Monitored companies attributed growth to buoyant demand, investment in technology and expanded capacities, said the HSBC survey.
Hans India
4 days ago
- Business
- Hans India
Manufacturing drives India's flash PMI to 60.7 in July, private sector shows robust growth
New Delhi: India's private sector showed robust growth in July, fuelled by strong manufacturing and global demand, the HSBC Flash India Composite Purchasing Managers' Index (PMI) showed on Thursday. The headline HSBC Flash India Composite PMI Output Index, compiled by S&P Global, rose to 60.7 in July from 58.4 in June. The Manufacturing PMI index climbed to 59.2 in July from 58.4 in June - its highest level in nearly 17-and-a-half years. The Services PMI was 59.8 in July, down from 60.4 in June. While services activity continued to grow, the pace of expansion softened, according to the note. "India's flash composite PMI remained healthy in July at 60.7. The strong performance was bolstered by growth in total sales, export orders, and output levels. Indian manufacturers led the way, recording faster rates of expansion than services for all of the three aforementioned metrics," said Pranjul Bhandari, chief India economist at HSBC. International orders received by private sector firms in India rose sharply at the start of the second fiscal quarter (Q2 FY26). "Meanwhile, inflationary pressures continue to heat up as both input costs and output charges rose in July. Finally, business confidence fell to its lowest mark since March 2023, while employment growth moderated," Bhandari noted. The Indian companies remained optimistic about output growth over the next 12 months. There is a firm pick-up in employment, especially in the service sector, suggesting healthy job creation accompanies the expansion of both India's manufacturing and service sectors, according to the note. While goods producers indicated the slowest increase in output for three months during May, service providers reported the fastest rise since March 2024. At the composite level, the latest upturn was the quickest in just over a year. Monitored companies attributed growth to buoyant demand, investment in technology and expanded capacities, said the HSBC survey.
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Business Standard
4 days ago
- Business
- Business Standard
Manufacturing gains push India's flash PMI to 60.7 in July, services dip
Business activity in India accelerated in July, driven by manufacturing, with the headline HSBC Flash India Composite PMI Output Index rising to 60.7 from 58.4 in June, according to S&P Global on Thursday. Pranjul Bhandari, chief India economist at HSBC, said, "India's flash composite PMI remained healthy in July at 60.7. The strong performance was bolstered by growth in total sales, export orders, and output levels. Indian manufacturers led the way, recording faster rates of expansion than services for all of the three aforementioned metrics. Meanwhile, inflationary pressures continue to heat up as both input costs and output charges rose in July. Finally, business confidence fell to its lowest mark since March 2023, while employment growth moderated to its weakest pace in 15 months." Input cost pressures rise across private sector in July July data indicated a rise in input cost pressures across India's private sector. Surveyed companies reported higher prices for aluminium, cotton, food items such as cooking oil, eggs, meat, and vegetables, as well as rubber, steel, and transportation. While the overall rate of input inflation was solid, it remained below the long-term average. Service providers experienced a sharper increase in input costs than manufacturers. Selling price inflation also accelerated as firms passed on increased costs to customers. The rate of output charge inflation exceeded the long-run trend, with stronger price hikes observed in both manufacturing and services. What is PMI? The PMI is an economic indicator that measures overall business activity across manufacturing and services. It tracks production, new orders, employment, supplier performance, and inventories, based on responses from purchasing managers. A reading above 50 signals growth, below 50 indicates contraction, and a score of 50 points to no change in activity.
Business Upturn
23-06-2025
- Business
- Business Upturn
India's June flash composite PMI output index rises to 61.0, highest in 14 months
By Aditya Bhagchandani Published on June 23, 2025, 10:41 IST India's private sector activity accelerated sharply in June 2025, with the HSBC Flash India Composite PMI Output Index climbing to 61.0, up from 59.3 in May, marking the strongest monthly expansion in 14 months, according to data released by S&P Global. This surge was driven by robust increases in both manufacturing and services activity. The HSBC Flash India Manufacturing PMI rose to 58.4 in June from 57.6 in May, while the Services PMI Business Activity Index increased to 60.7 from 58.8. Key factors behind this momentum included: A record rise in new export orders since the series began in 2014. since the series began in 2014. Strengthened demand from Asia, Europe, the Middle East, and the Americas . . Increased hiring, especially in the manufacturing sector. Softer input cost inflation, reaching a 10-month low. Commenting on the data, HSBC's Chief India Economist Pranjul Bhandari noted that India's strong growth in June was primarily fueled by export demand and rising backlogs, which in turn encouraged more hiring. Although both input and output prices rose, the pace of inflation moderated from earlier highs. The data, collected between June 9 and 18, signals strong momentum as India closes out the first quarter of FY26, with sustained optimism among businesses despite a slight decline in overall sentiment compared to previous months. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
