India Services Growth Slows, Manufacturing Rebounds: HSBC PMI
Latest HSBC PMI data reveals contrasting trends in India's economy - services sector expansion moderates while manufacturing activity picks up pace in October.
Latest HSBC PMI data reveals contrasting trends in India's economy - services sector expansion moderates while manufacturing activity picks up pace in October.
India's dominant services industry showed moderated expansion in October 2024, with business activity and sales growing at a slower pace, though price pressures saw significant relief according to HSBC's latest PMI data.
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India's manufacturing activity accelerated significantly in October 2024, driven by robust domestic demand and improved business conditions. The HSBC India Manufacturing PMI climbed to 58.5, marking one of the strongest growth rates in over three years.
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