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
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
India's policy calendar for April 20-26 is packed with key events including US trade talks, flash PMI data and infrastructure output, offering cues on growth, demand and policy direction
Growth momentum eased for a second month as output and sales slowed, while rising input costs and the West Asia crisis weighed on demand and business activity
January services PMI: New orders increased faster in January after slowing at the end of 2025
Flash PMI December 2025: Both manufacturing and service sectors witnessed muted growth in business activity
November services PMI: Companies added more jobs in November, but the increase was mild and at a similar pace as compared to the last two months
Operating conditions across India's service economy remained favourable in September, with healthy demand trends underpinning further growth of total new orders, exports, employment, business activity
Services PMI: Exports increased in September, but at their slowest pace since March, with firms saying that competitive conditions and cost-control measures were limiting growth
Services led the growth, with activity hitting a record 65.6, while manufacturing preliminary PMI climbed to 59.8 in August, its strongest level since January 2008
Indian service providers end Q1 on a strong note, with output and new orders rising at the fastest pace since August 2024, supported by robust international sales & job creation, according to PMI data
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The Caixin/S&P Global services purchasing managers' index (PMI), rose to 51.1 in May from 50.7, remaining above the 50-mark that separates expansion from contraction
Services activity remained robust in May with PMI at 58.8 as exports surged and employment rose at the fastest pace on record despite mounting cost pressures
New business - a key gauge for demand - expanded at a sharp pace in May, largely aligned with growth rates seen from February through April
India's private sector output expanded at the fastest rate in 13 months in May, with service providers reporting a 14-month high in activity amid strong new business inflows
Flash HSBC India PMI signals sharpest expansion in 13 months as services see robust growth and employment gains; input cost inflation at five-month high
The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell to 58.5 last month from 59.0 in February, but was higher than a preliminary estimate