24-07-2025
India's Economic Activity Sends Mixed Signals in July, PMIs Show
India's manufacturing activity strengthened in July, while the services sector showed signs of easing, according to a flash survey by HSBC Holdings Plc.
The manufacturing purchasing managers' index rose to 59.2 in July from 58.4 in June, marking its highest level in nearly 17.5 years, according to HSBC. In contrast, the services purchasing managers' index edged down to 59.8 from 60.4 last month, slightly weighing on overall activity. As a result, the composite index eased to 60.7 compared to 61.0 in the previous month.
