Friday, February 20: India’s private sector activity strengthened further in February, with the HSBC Flash India Composite PMI Output Index rising to 59.3up from 58.4 in Januaryaccording to the latest data .
The latest reading signals the strongest pace of expansion in three monthsdriven primarily by a quicker upturn in manufacturing output, while services activity remained broadly stable .
The report noted that aggregate new orders increased at the fastest rate since last November, supported by demand strength and improved international sales .
Overall, the February composite PMI print reflects continued momentum in India’s private sector at the start of the final fiscal quarter, alongside rising inflationary pressures.
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