The seasonally adjusted HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 56.5 in January, its lowest since November 2022, on the back of lower demand and a softer increase in sales and output.
3 min read5 Feb 2025The HSBC India Manufacturing Purchasing Managers Index, compiled by S&P Global, came in at 57.7 in January, up from 56.4 in December and 56.5 in November. It was 57.5 in October and 56.5 in September.
2 min read3 Feb 2025The survey, which quoted responses from 400 service providers, indicated output growth increased in December as firms recruited additional workers.
2 min read6 Jan 2025December’s manufacturing PMI highlights rising cost pressures and slowing momentum, casting doubts on the resilience of India’s growth story.
3 min read2 Jan 2025The rate of expansion in new orders was the slowest in the year, suggesting weaker growth in future production.
2 min read2 Jan 2025News and developments from the week gone by, through numbers and charts.
3 min read6 Dec 2024The HSBC India Services Purchasing Managers’ Index (PMI), came in at 58.4 in November, down from 58.5 in October but higher than the 57.7 figure reported in September.
2 min read4 Dec 2024Manufacturing conditions across much of Asia looked slightly stronger midway through the fourth quarter, but trepidation about U.S. tariffs and the economic hit they’ll deal is taking some of the shine off the data.
3 min read2 Dec 2024The November manufacturing PMI reading comes on the heels of a shocker September quarter (Q2FY25) gross domestic product (GDP) data released last week.
3 min read2 Dec 2024Export orders hit a four-month high, offering a silver lining as domestic demand falters under rising costs.
3 min read2 Dec 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared