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Hans India
24-06-2025
- Business
- Hans India
Economic activity surges to a 14-month high
New Delhi: Indianeconomic activity has surged to a 14-month high in June as companies scaled up output in response to faster increases in total new business intakes and a record upturn in export orders, according to the HSBC flash PMI data released on Monday. The HSBC Flash India Composite Output Index – a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors, climbed to a 14-month high of 61.0 in June. Rising from 59.3 in May, the latest reading was consistent with a sharp rate of expansion that was well above the long-run series led the upturn in business activity, though growth also picked up pace in the service economy. Rates of increase were at two and ten-month highs, respectively. With pending workloads continuing to accumulate, firms remained in hiring inflation softened as input costs rose at the slowest pace in ten months, the HSBC report states. According to panellists, output was boosted by favourable demand trends, efficiency gains and tech HSBC Flash India Manufacturing PMI – a weighted average of the New Orders, Output, Employment, Suppliers' Delivery Times and Stocks of Purchases indices – rose from 57.6 in May to 58.4 in June, signalling the best improvement in operating conditions since April 2024. New business placed with goods producers and service providers increased at the end of the first fiscal quarter, with the faster upturn among the the composite level, the rate of expansion was the strongest seen since July 2024, the report states. When explaining June's rise, survey participants remarked on healthy demand conditions and successful Bhandari, Chief India Economist at HSBC, said: 'India's flash PMI indicated strong growth in June. New export orders continued to fuel private sector business activity, especially in manufacturing.' Meanwhile, the combination of robust global demand and rising backlogs prompted manufacturers to increase hiring.'Employment growth is also healthy in the services sector despite slightly weakening on a sequential basis from May to June. 'Finally, input and output prices continued to rise for both manufacturing and services firms, but rates of increase showed signs of softening,' Bhandari added.
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.
Business Standard
23-06-2025
- Business
- Business Standard
India's composite PMI rises to 61.0 in June
The HSBC Flash India Composite Output Index a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors climbed to a 14-month high of 61.0 in June. Rising from 59.3 in May, the latest reading was consistent with a sharp rate of expansion that was well above the long-run series average. Several positive developments emerged from the June HSBC flash PMI data, as Indian companies scaled up output in response to faster increases in total new business intakes and international sales. Notably, the upturn in export orders was the strongest since comparable data became available in September 2014. With pending workloads continuing to accumulate, firms remained in hiring mode. Meanwhile, charge inflation softened as input costs rose at the slowest pace in ten months. Manufacturers led the upturn in business activity, though growth also picked up pace in the service economy. Rates of increase were at two- and ten-month highs, respectively. Output was boosted by favourable demand trends, efficiency gains and tech investment. The HSBC Flash India Manufacturing PMI rose from 57.6 in May to 58.4 in June, signalling the best improvement in operating conditions since April 2024. Private sector firms in India signalled an unprecedented increase in new export orders during June. June data showed an intensification of capacity pressures among Indian companies. The combination of demand strength and rising backlogs prompted Indian companies to recruit additional staff in June. Although prices charged for Indian goods and services continued to increase in June, the rate of inflation retreated from May's six-month high. Indian companies remained strongly upbeat towards the year-ahead outlook for business activity.
Hans India
23-05-2025
- Business
- Hans India
Composite PMI rises to 13-mth high in May
New Delhi: The HSBC Flash India Composite Output Index – which measures the month-on-month change in the combined output of India's manufacturing and service sectors – on Thursday reported robust business activity in May in the country, climbing to a 13-month high of 61.2, compared with 59.7 in the previous month. At 61.2 in May, the HSBC Index showcased a sharp rate of expansion in private sector activity. 'The increase was the most pronounced since April 2024. There was a mild loss of growth momentum in the manufacturing industry but service providers reported the fastest rise in output in 14 months,' according to a HSBC Flash India PMI note. The HSBC Flash India Manufacturing PMI was little changed from April's reading of 58.2. At 58.3 in May, the latest figure was consistent with a sharp improvement in the health of the sector growth in India moved up a gear during May, boosted by an acceleration in the service economy. Strong influxes of new business, both from domestic and international markets, induced quicker expansions in business activity and employment. There was also an improvement in business confidence for the first time since January, said the HSBC. 'India's flash PMI indicates another month of strong economic performance. Growth in production and new orders among manufacturing firms remains robust, despite a marginal cooling from the rates of increase observed in April,' said Pranjul Bhandari, Chief India Economist at HSBC.
India Gazette
22-05-2025
- Business
- India Gazette
India's Private Sector growth hits 13-month high in May, led by strong services activity: HSBC Flash PMI
New Delhi [India], May 22 (ANI): India's private sector activity expanded sharply in May, reaching its highest pace in over a year, driven by a robust performance in the services sector. According to the HSBC Flash PMI data released on Wednesday, the HSBC India Composite PMI Output Index surged to 61.2 in May from 59.7 in April, indicating a strong rate of expansion in both the manufacturing and services sectors. The HSBC Flash India Services PMI Business Activity Index rose to 61.2 in May from 58.7 in April, marking the fastest rise in output in 14 months. This jump was supported by strong demand conditions, a solid inflow of new business, and improved sentiment. HSBC said 'The increase was the most pronounced since April 2024. There was a mild loss of growth momentum in the manufacturing industry but service providers reported the fastest rise in output in 14 months'. The manufacturing sector however, showed a slight dip in momentum. The HSBC Flash India Manufacturing PMI Output Index fell marginally to 61.4 in May from 61.9 in April. But, the broader HSBC Flash India Manufacturing PMI, which accounts for new orders, output, employment, suppliers' delivery times, and stocks of purchases, edged up slightly to 58.3 from 58.2 in April, reflecting a continued sharp improvement in the health of the sector. The overall upturn in private sector output was the strongest since April 2024. This acceleration was mainly due to the services segment, which saw faster expansion in business activity and employment. Firms across the board reported strong inflows of new business, both domestically and from international markets. In addition, business confidence improved for the first time since January, signaling optimism among firms regarding future business prospects. Companies attributed the growth to strong demand conditions, investments in technology, and expanded production capacities. However, inflationary pressures also increased during the month. The HSBC Flash PMI data pointed to the fastest rise in input costs and output charges since late 2024, with inflation levels hitting their highest since April 2024. While manufacturers noted the slowest output growth in three months, service providers led the expansion, lifting the overall private sector performance to a 13-month high. (ANI)
