Private-sector business activity in India rose to a four-month high in October, with the HSBC Flash India Composite Output Index climbing to 56.7 from 55.9 in September, the fastest pace since June. New orders accelerated, with new export orders rising at the fastest pace in six months, driven by demand from the US, UK, Middle East and Bangladesh. The Flash Manufacturing Output Index edged up to 57.6 from 57.5, while the Flash Services Business Activity Index rose to 56.2 from 55.2, and the Manufacturing PMI slipped to 54.9 from 55.1. Companies hired more cautiously, with job growth marginal and services staffing flat, ending a nine-month run of gains, while input cost inflation eased for a seventh straight month and selling-price growth slowed to its weakest in almost four years. The final October PMI is due in early November.
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- Private sector growth in India hits 4 - month high in October , but hiring slows
Private-sector business activity in India expanded at its fastest pace since June in October, with HSBC's Flash Composite Output Index rising to 56.7 from 55.9 in September, though still below the 2026 average. New business from abroad grew at its fastest rate in six months, with orders from the US, UK, Middle East and Bangladesh. Companies were more cautious on hiring: employment rose only marginally, the services workforce was unchanged after nine months of gains, and backlogs of work fell for the third time in four months, at a pace matching August 2021. The manufacturing PMI eased to 54.9 from 55.1.
- India business activity hits 4 - month high in October : PMI data
The HSBC Flash India Composite Output Index rose to 56.7 in October from 55.9 in September, its strongest growth since June, as stronger domestic and overseas demand lifted new orders. Export orders rose at the fastest pace in six months, and the manufacturing PMI came in at 54.9. Employment growth slowed, with services companies halting net job additions after nine consecutive months of growth, while manufacturers added workers only marginally. Input cost inflation and selling price pressures continued to ease, and outstanding work declined for the third time in four months, at the joint fastest rate in six and a half years.
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