Investors will closely monitor quarterly earnings reports alongside manufacturing, composite, and services data for October
Indian manufacturers registered softer increases in new business and output during August
The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell for a second month in August, dropping to 57.5 from July's 58.1
Pace of expansion remains sharp and indicates strong demand and favourable market conditions, HSBC survey
The flash services PMI index rose to 60.4 this month from 60.3 in July, while a preliminary manufacturing PMI showed strong growth, albeit slightly weaker than last month
However, international sales expanded at the fastest pace in over 13 years, while job creation remained robust, and selling prices saw the steepest increase since October 2013
It was a broadbased downturn in the euro zone while a slump in China's manufacturing activity suppressed its Asian neighbours
A figure above 50 in the index denotes expansion and that below signifies contraction
But the sector remains in expansionary territory in May. Manufacturing employment rose to one of the greatest extents seen since data collection started in March 2005
The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, dipped to 57.5 in May from April's 58.8, below a preliminary estimate of 58.4
Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls
Driven by robust demand in both manufacturing and service sectors, PMI in April climbed to 62.2 from March's final reading of 61.8
The manufacturing PMI has remained above the 50-mark for more than 30 consecutive months
HSBC Flash India Composite PMI (Purchasing Managers' Index) Output Index rises to 61.3
India's HSBC India Manufacturing PMI came in at 56.9 in February, the fastest since October last year when it was 55.5
That bolstered the view for the coming 12 months with optimism among manufacturers at the highest since December 2022
New orders placed with Indian goods producers rose at a sharp pace in January and were the strongest in four months
The export index may have been affected by the Lunar New Year which will fall on Feb. 10 this year, as factories and workers geared up for the pre-holiday shipment of goods
That put the index above the 50-mark that separates expansion from contraction for the 30th consecutive month
Despite the decline, the December figure marked 30 months of the index remaining above 50. A survey print above 50 indicates manufacturing expansion, and below that, contraction