PMI

The HSBC India Services Purchasing Managers' Index (PMI), which tracks monthly changes in services activity, fell to 57.4 in June from 59.8 in May

Output, new orders, exports and hiring lose momentum as softer demand and intense competition weigh on factory activity, though the sector remains in expansion territory

India's policy focus this week will be on Prime Minister Narendra Modi's Seychelles visit, industrial output, PMI data and forex reserves

HSBC's flash PMI survey shows softer demand, slower output growth and weaker hiring momentum across manufacturing and services sectors in June

The HSBC Flash India Composite PMI Output Index fell to 57.4 in June from 59.3 in May, as demand, hiring and business optimism softened across both key sectors

The Services PMI rose to 59.8 in May from 58.8 in April, signalling the fastest expansion since November as firms reported stronger demand and softer price pressure

Manufacturing activity expanded at its fastest pace in 3 months in May, supported by stronger domestic demand, while input cost inflation remained elevated amid continued geopolitical uncertainties

Input cost inflation remained among the strongest seen in the past four years, driven by higher energy, fuel, material, and transportation costs amid the ongoing conflict in West Asia

India's policy calendar this week is packed with the RBI's June review, FY26 GDP data, India-US trade talks, GST numbers, PMI readings and fuel export levy changes

The RatingDog China General Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 51.8 in May from 52.2 in April, but was slightly above analysts' forecast of 51.6

India's pvt sector activity remained firmly in expansion territory in May, though growth in new orders, exports, employment and business activity softened marginally, HSBC's flash PMI survey showed

The latest reading pointed to continued expansion across both manufacturing and services, though at a slower pace due to weaker growth in new orders, exports, employment and overall business activity

India's macro calendar will be led by core sector, PMI, bank credit, deposit, and forex reserves data, while PM Modi's Europe visit will keep trade ties in focus

Output and new order intakes recovered in April, with inflows of new work increasing to the greatest extent in five months

Growth was driven by stronger domestic demand and new orders, even as export growth weakened and cost pressures remained elevated

The reading remained above 50, which denotes expansion in activity, while a reading below that signifies contraction

India's economic calendar this week will track factory and services activity alongside a major energy policy push, offering key signals on growth, inflation and industrial strategy

India's private sector activity recovered in April with PMI rising to 58.3, driven by manufacturing output and sales, though input costs remained elevated amid fuel and raw material pressures

The flash manufacturing PMI stood at 55.9 compared to 53.9 in March, while the services PMI came in at 57.9 versus 57.5 earlier

Input cost inflation hit a 43-month high in March, while softer demand, market uncertainty and the West Asia war slowed new orders and output growth