India's PMI Hits 14-Month High in June 2024

  Published 9 months ago

India's HSBC Flash Composite PMI surged to 61.0 in June, driven by manufacturing, services, exports, hiring, and easing inflation.

  • Manufacturing PMI rose to 58.4, the best since April 2024, fueled by efficiency gains and tech investments.
  • Export orders hit their strongest since 2014 as firms hired more staff amid rising demand and backlogs.
  • Charge inflation eased to a 10-month low, but businesses remain optimistic about future growth.

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