Latest news with #HSBCFlashIndiaCompositeOutputIndex
Time of India
6 days ago
- Business
- Time of India
Manufacturing PMI climbs to 17-year high of 59.2 in July
New Delhi: India's private sector activity remained strong in July, maintaining a reading above the 60 mark for the second consecutive month, with the manufacturing sector recording its highest level in 17 years, growing faster than services, according to a private survey. The HSBC Flash India Composite Output Index was at 60.7 in July, slightly lower than 61 in June. The Composite Purchasing Managers Index (PMI) is a weighted average of comparable manufacturing and services indices. Explore courses from Top Institutes in Please select course: Select a Course Category MCA Degree Data Analytics Public Policy Finance MBA Management Operations Management Healthcare Digital Marketing Artificial Intelligence Others Design Thinking Cybersecurity Data Science healthcare others Technology Leadership Data Science Product Management Project Management CXO PGDM Skills you'll gain: Programming Proficiency Data Handling & Analysis Cybersecurity Awareness & Skills Artificial Intelligence & Machine Learning Duration: 24 Months Vellore Institute of Technology VIT Master of Computer Applications Starts on Aug 14, 2024 Get Details "India's flash composite PMI remained healthy in July. The strong performance was bolstered by growth in total sales, export orders, and output levels," said Pranjul Bhandari, chief India economist at HSBC. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Manufacturing PMI climbed to 59.2, its highest level in around 17 years, "indicative of a robust improvement in the health of the manufacturing industry", the survey mentioned. Goods producers experienced a faster rise in output compared to service providers. Similarly, regarding output, manufacturers saw a sharper increase in new orders than the service sector, with growth accelerating in the former but easing in the latter. Live Events Overall, sales expanded at their quickest pace in a year. "Indian manufacturers led the way, recording faster rates of expansion than services for all of the three metrics - sales, output and export orders," said Bhandari. International orders surged to their strongest level since the series began, the survey noted, driven by demand from across the world, including Asia, Europe and US. "Growth of new export orders accelerated in the service economy, whilst it slowed among goods producers," it added. However, job creation slowed in July, marking the weakest employment growth in 15 months, with a notable slowdown in the services sector. Meanwhile, inflationary pressures continue to heat up as both input costs and output charges rose in July, said Bhandari. According to the firms surveyed, prices rose in aluminium, cotton, foodstuffs (cooking oil, egg, meat, vegetables), rubber, steel and transportation. Service firms faced a steeper rise in input costs compared to manufacturers. "Charge inflation likewise intensified in July, as private sector companies sought to share additional cost burdens with their clients by lifting selling prices," it added. Business sentiment, meanwhile, dropped to its lowest level since March 2023, though firms remained optimistic about output growth in the next 12 months. "Finally, business confidence fell to its lowest mark since March 2023, while employment growth moderated to its weakest pace in 15 months," said Bhandari.
Business Standard
6 days ago
- Business
- Business Standard
Rupee moves slightly up, USD/INR futures see good gains in intraday moves
Indian Rupee stabilized around one-month low against the US dollar amid weak equities. INR added 2 paise at 86.42 per US dollar right amid an overall choppy movement. The US dollar index added mild gains, maintaining above 97 mark. Local stocks saw considerable selling pressure today as earnings stayed in focus and the benchmark NIFTY50 index slipped around 0.60% on the day. Economic cues were steady for the INR. At 60.7 in July, the HSBC Flash India Composite Output Index was little-changed from June's final print of 61.0 and therefore signalled another substantial rate of growth. Moreover, the headline figure remained well above its long-run average of 54.8. Meanwhile, Reserve Bank of India (RBI) stated in its latest monthly bulletin that high-frequency indicators for overall economic activity showed mixed signals in June but signalled steady demand conditions. On the NSE, USD/INR futures shed 0.02% at 86.55 but saw good recovery after falling near 86.30 mark in intraday moves.
Business Upturn
7 days ago
- Business
- Business Upturn
HSBC Flash PMI: India composite output at 60.7 in July, manufacturing PMI hits 17.5-year high
By Aditya Bhagchandani Published on July 24, 2025, 10:40 IST India's private sector economy continued its strong momentum in July 2025, with the HSBC Flash India Composite Output Index registering 60.7—barely down from June's 61.0—signalling robust growth across both manufacturing and services sectors. The flash manufacturing PMI surged to 59.2 from 58.4 in June, marking its highest level in nearly 17.5 years. This was driven by solid expansions in output, new orders, and export demand. The corresponding Manufacturing Output Index rose to 62.5 from 62.1 in June, highlighting strong factory floor activity. Meanwhile, the services sector saw a modest softening. The HSBC Flash India Services PMI Business Activity Index eased to 59.8 from June's 60.4, but remained elevated by historical standards. On the inflation front, input and output price pressures intensified. Manufacturers and service providers reported rising costs of raw materials including steel, aluminium, food items, and transport. This led to a faster pace of charge inflation across both segments. However, business sentiment declined to its lowest level since March 2023, as concerns around rising competition and inflation weighed on optimism. Employment growth also moderated, reaching the weakest pace in 15 months. Backlogs rose at the fastest rate in five years, especially in the services sector. Despite challenges, international orders remained strong, with notable demand from Asia, Europe, and the U.S., and export order growth improving especially for services. The HSBC Flash PMI survey was compiled by S&P Global using data collected between July 9–21, 2025. 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
7 days ago
- Business
- Business Standard
India's Composite PMI index at 60.7 in July
At 60.7 in July, the HSBC Flash India Composite Output Index was little-changed from June's final print of 61.0 and therefore signalled another substantial rate of growth. Moreover, the headline figure remained well above its long-run average of 54.8. Operating conditions across India's private sector continued to improve in July, with data showing sharp expansions in total sales, export orders and output levels. On the price front, there were quicker increases in both input costs and output charges. While business confidence remained positive, it retreated to its lowest mark in close to two-and-a-half years as some panellists were concerned about competition and inflationary pressures. Subsequently, job creation eased to the weakest rate in 15 months. Goods producers registered a faster increase in output than service providers, as the pace of expansion picked up to the strongest since April 2024. There was a softer upturn in services activity during July, though growth remained sharp by historical standards. The HSBC Flash India Manufacturing PMI rose from 58.4 in June to 59.2 in July, its highest reading in close to 17-and-a-half years and indicative of a robust improvement in the health of the manufacturing industry. As was the case for output, new orders increased to a greater extent in the manufacturing industry than in the service economy, as growth quickened in the former whilst it eased in the latter. At the composite level, overall sales expanded at a sharp pace that was the fastest in exactly one year.
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.
