Friday, February 20: India’s private sector activity strengthened in February, with manufacturing showing a sharp improvement while services remained resilient, according to the HSBC Flash PMI data released today .
The HSBC Flash India Services PMI Business Activity Index came in at 58.4marginally lower than January’s 58.5, indicating continued expansion but at a slightly softer pace .
Meanwhile, the HSBC Flash India Manufacturing PMI rose to 57.5up from 55.4 in Januarymarking a four-month high and signaling stronger growth in factory activity .
At the aggregate level, the HSBC Flash India Composite PMI Output Index climbed to 59.3 from 58.4reflecting the fastest pace of expansion in three months .
Key highlights from the report
- Manufacturing output and new domestic orders strengthened.
- Services saw steady activity, though domestic order growth moderated.
- Export orders improved at the composite level.
- Employment rose in both sectors.
- Input costs and output prices accelerated, with inflationary pressures intensifying.
The report noted that cost burdens across the private sector increased at the strongest pace in 15 months, with services firms reporting particularly sharp input price inflation .
Overall, the February data signal stronger output momentum across India’s private sector, alongside rising inflationary pressures.
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