NEW DELHI: The PMI data for February signalled stronger output growth as the HSBC Flash India PMI rose from 58.4 in January to 59.3 this month — indicating the strongest rate of expansion for three months, the data compiled by S&P Global showed on Friday.
The acceleration was driven by a quicker upturn in factory production, as growth of services activity was broadly similar to that registered at the start of the 2026 calendar year.
“The manufacturing industry strengthened in February, supported by robust growth in output and new domestic orders, ” said Pranjul Bhandari, Chief India Economist at HSBC.
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