Summary:

India’s economic activity increased in June, with the HSBC Flash Composite Output Index reaching a 14-month high of 61, signifying rapid growth in manufacturing and services. According to S&P Global, manufacturers drove the recovery, aided by increased demand, efficiency gains, and technological expenditures. The Manufacturing PMI increased to 58.4, while the output index reached 61.5, the highest level since April 2024. Services also improved, with activity reaching 60.7. Export orders increased, particularly in manufacturing, as global demand remained robust. Employment increased, while service hiring slowed marginally. Despite growing input costs, inflationary pressures have eased. Business morale remained high, but fell to its lowest level in almost two years, with manufacturers somewhat more enthusiastic than service businesses.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.