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.
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- 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.
- India private sector activity hits four - month high as inflation cools : HSBC Flash India PMI
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.
- UK PMI Composite Hits Eight-Month High as Hiring Returns After Two Years
- Business activity expands at fastest pace since June in October, hiring slows: Flash PMI
- New Zealand services sector extends growth to 4 months : survey - Xinhua
A business survey showed New Zealand's services sector kept expanding in September for a fourth consecutive month, though growth remained weak amid cost pressures and election uncertainty. The BNZ-BusinessNZ Performance of Services Index eased to 50.9 from 51 in August, still above the 50-point line that separates expansion from contraction. New orders (52.6) and inventories (52.3) were the strongest sub-indices, while supplier deliveries (49.4) and employment (49.8) were weak, pointing to a narrow recovery. BusinessNZ CEO Katherine Rich said businesses remained cautious ahead of the general election, while BNZ economist Doug Steel noted services lagged manufacturing.
- India Private Sector Growth Improves In October
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