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
Flash data shows private sector growth slowed sharply as West Asia conflict hit demand and raised costs, though expansion remained above 50 mark
India's private sector growth slows to its weakest pace since late 2022 as soft domestic demand and rising costs weigh, even as export orders hit a record high
KKR will acquire a majority stake in Allfleet and a minority holding in PMI Electro
However, the latest figure was significantly lower than the Flash India Manufacturing PMI of 57.5, released last month
The overall result suggests India's economy is expected to remain resilient this quarter after posting 7.8 per cent growth in October-December
Companies recruit additional staff and scale up output as sales improve
The improvement was supported by robust total new orders which rose at he quickest pace since November
India's manufacturing activity picked up in January as new orders, output and hiring rose, lifting the PMI to a two-month high, though business confidence stayed subdued, S&P Global data showed
January manufacturing PMI: The rebound in January came after the seasonally adjusted PMI touched a two-year low of 55.0 in December 2025
Flash PMI January 2026: Both manufacturing and services showed similar rates of growth during the month