The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 57.6 in May from 58.2 in April
Manufacturing PMI May 2025: Although new orders and production continued to rise, the rates of growth softened to three-month lows
HSBC India Manufacturing PMI rose to 58.2 in April from 58.1 in March, driven by solid expansion in new orders, job creation, and export demand despite rising prices
April 2025 Manufacturing PMI: New orders, especially international demand, grew at the fastest rate in 14 years, driving manufacturing output growth in April
'Buoyant' international demand for goods and services prompts companies to hire additional staff
Manufacturing PMI rose to a 1-year high of 58.4 in April; services hit 4-month peak at 59.1, signalling robust private sector growth and strong demand across both segments
'Buoyant demand' helps sales by companies that report fastest drop in finished goods stocks: PMI survey
The rise was driven by stronger new orders growth, as the New Orders Index reached its highest level in eight months, supported by increased customer interest
Despite slowing to the weakest since December 2023, rates of expansion in output and sales remained elevated, according to a private survey
Feb manufacturing PMI: The decline was driven by weaker growth in output and sales, along with a slowdown in input purchasing to a 14-month low
As of 6:40 AM, GIFT Nifty Futures were up 79 points at 22,359, hinting at a higher start
'Employment PMI suggested robust job creation in the manufacturing industry, as the index increased to its highest level since the series was created'
The index has been above the 50-mark separating expansion from contraction since July 2021
At 6:50 AM, GIFT Nifty futures were trading 173 points lower at 23,382, indicating a potential gap-down start for the markets
China's $18 trillion economy hit the government's growth target of "around 5 per cent" over 2024 but in a lopsided fashion, with exports and industrial output far outpacing retail sales
Pranjul Bhandari, chief India economist at HSBC, said that India's manufacturing activity ended a strong 2024 on soft note, amidst more signs of a slowing trend, albeit moderate, in industrial sector
According to the HSBC Final India Manufacturing PMI, compiled by S&P Global, this was the joint weakest growth rate of 2024
In the previous session, the Sensex settled 843.16 points or 1.04 per cent higher at 82,133.12. Similarly, the Nifty ended higher 219.60 points or 0.89 per cent at 24,768.30
The rate of expansion is second-weakest in 11 months, the figure stood at 56.5 in January
HSBC final India Manufacturing PMI for November matches September's eight-month low of 56.5