HSBC Flash India PMI

Economic Indicators - HSBC Flash India Composite PMI Output Index rose to 61.7 in May from 61.5 in April, indicating strong growth[1] - HSBC Flash India Manufacturing PMI decreased slightly to 58.4 in May from 58.8 in April, reflecting a slowdown in manufacturing growth[1][11] Employment and Exports - Record rise in exports noted, with new export orders expanding at the fastest rate since September 2014[6][12] - Employment in the private sector increased sharply, marking the highest growth rate since September 2006[6][12] Sector Performance - Manufacturing sector growth remains stronger than services, despite a slowdown in new orders and production in May[12] - Services sector experienced the steepest increase in business activity in four months, contributing to overall economic expansion[11][12] Price Trends - Input prices rose at the fastest pace in nine months, driven by higher costs for chemicals, food, and electronic components[6][12] - Aggregate selling prices increased, although at a rate lower than input costs, indicating margin pressures for service providers[6][12] Future Outlook - Future Output Index improved significantly, reflecting the highest level of business confidence in over 11 years[6][12]