FINANCEOUTLOOKINDIAJULY, 20258The HSBC India Manufacturing Purchasing Managers' Index (PMI) rose to 58.4 in June 2025, up from 57.6 in May, a 14-month high, according to S&P Global data released on Tuesday.· India's manufacturing PMI climbed to 58.4 in June--the highest in 14 months, fueled by robust export demand.· Export orders grew at the third-fastest rate since 2005, propelling output and record-breaking manufacturing job creation. Export orders fuel manufacturing growth in JuneAccording to the report, new export orders increased at the third-highest rate since the survey's inception in 2005, with more orders coming from the United States in June. All product categories--consumer, intermediate, and capital goods--saw an increase in export orders.Although growth was not evenly distributed across sectors, output volumes rose at their fastest rate since April 2024. Intermediate goods producers led volume growth, while consumer and capital goods sectors expanded moderately. Marketing initiatives and increased export sales drove the increase in new orders, according to the survey.Manufacturers benefited from the lowest inflation in input costs since February, despite rising iron and steel prices.Pranjul Bhandari, Chief India Economist at HSBC, commented on the growth, saying, "Robust REPORTJUNE MANUFACTURING PMI HITS 14-MONTH PEAK AT 58.4 ON EXPORT SURGEBy Finance Outlook India Team
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