The sector expanded faster in August, with employment growth strengthening, though new business remained subdued and the headline PMI stayed below its long-run average
Business activity strengthened in August as new orders rose faster and services hiring reached a 15-month high, while input cost inflation remained moderate and charge inflation quickened
New orders and output expanded at their weakest pace in five years, while manufacturing employment contracted for the first time in two-and-a-half years
India's manufacturing sector expanded at its weakest pace in five years in August as output and new orders slowed, while employment fell for the first time in two-and-a-half years
China's manufacturing PMI rose to 49.8 in August from 49.2 in July, beating forecasts but remaining below 50 as weak domestic demand weighs on the economy
The HSBC flash composite PMI rose to 54.6 from 54.3 in July, with stronger services offsetting manufacturing growth that slowed to its weakest pace in five years
While the reading stayed above the 50 mark separating growth from contraction, it remained below the recent average of around 60
Softer demand, fierce competition and postponed orders slowed services activity, though export orders, employment and profit margins showed some improvement during the month
India's services sector expanded in July, but activity and new business grew at their weakest pace since early 2022, even as exports and hiring remained resilient
HSBC's India Manufacturing PMI fell to 53.5 in July, its lowest level since August 2021, as sales, input purchases and job creation slowed despite resilient export demand
The HSBC India Manufacturing PMI fell from 54.2 in June to 53.5 in July, as slower growth in new orders, purchasing and employment offset stronger export demand
Business activity weakened as sales and output growth moderated while inflationary pressures intensified amid renewed tensions in West Asia
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