India’s services activity expanded at a quicker pace midway through the second fiscal quarter, with the headline HSBC India Services PMI Business Activity Index rising from 53.3 in July to 54.1 in August.
The HSBC India Manufacturing Purchasing Managers' Index (PMI) noted that the seasonally adjusted index declined from 53.5 in July to 52.8 in August. The latest figures highlighted the weakest improvement in the health of the manufacturing sector in five years.
India's private sector activity expanded at a slightly faster pace in August, with the HSBC Flash India Composite PMI (Purchasing Managers' Index) Output index rising to 54.6 from 54.3 in July, which was a 52-month low, according to the HSBC Flash India PMI report.
The National Stock Exchange has been recognised as Sectoral Champion for Banking & Financial Services under the Prime Minister Internship Scheme (PMIS), the stock exchange announced on Monday
China's economy slowed in July, with retail sales remaining subdued and the Manufacturing Purchasing Managers' Index falling below the crucial 50-mark. Meanwhile, unemployment rose, dampening consumer spending, according to government data released on Monday.
Iran's economy is showing signs of recovery from the sharp downturn caused by the recent war, with economic activity gradually resuming, according to the head of the Iran Chamber of Commerce, Industries, Mines and Agriculture, Samad Hassanzadeh.
Finance Minister Nirmala Sitharaman on Thursday interacted with beneficiaries of the Prime Minister's Internship Scheme (PMIS), several of whom said the programme helped them gain practical skills, overcome personal barriers and secure full time employment opportunities under big brands.
India's service economy fell to 53.3 in July from 57.4 in June, marking the weakest growth rate in close to four-and-a-half years. According to the HSBC India Services PMI index, the country's service economy continued to expand, but business activity rose at the softest pace in 53 months am
India's manufacturing sector continued to expand in July, although the pace of growth eased to its weakest level in nearly five years, according to the HSBC India Manufacturing Purchasing Managers' Index (PMI) released on Monday.
India's private sector growth slowed further in July, recording the weakest pace of expansion since March 2022, as challenging market conditions, competitive pressures and weaker demand weighed on business activity, according to the HSBC Flash PMI data report.
India's PMI is expected to stay firm in the 57-59 range in FY27, with IT and healthcare as key growth drivers, while manufacturing recovery led by autos, metals and construction materials will likely depend on easing input costs, West Asia conflict resolution, sustained capex and PLI-led
India's manufacturing sector continued to expand in June, but the pace of growth slowed to its second-weakest level since mid-2022, according to the latest HSBC India Manufacturing Purchasing Managers' Index (PMI) survey compiled by S&P Global.