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India’s private sector output sees fastest rise in February: Flash PMI
Feb-21-2025

The HSBC Flash India PMI report has said that India’s private sector output witnessed the fastest rise in the month of February, amid a quicker expansion in services activity along with improved international demand for goods and services. However, there were quicker increases in prices charged for both Indian goods and services. Moreover, the overall rate of charge inflation was marked, the fastest in three months and above its long-run average.

The HSBC Flash India Composite Output Index -- a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors -- surged to 60.6 in February from a final reading of 57.7 in January. However, the HSBC Flash India Manufacturing PMI index slipped from 57.7 in January to 57.1 in February. 

According to the report, factory orders rose sharply, albeit at a softer pace than in January, due to competitive pressures. On the other hand, service providers welcomed the steepest upturn in new business intakes since August 2024. In line with the trend for unfinished business, services companies recruited staff at a stronger pace than goods producers. 

The Flash PMI report further noted that private sector companies were strongly upbeat towards output prospects. The overall level of business sentiment was a tick above that seen in January, to reach its highest mark since November 2024. The improvement in confidence was centred at goods producers.


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