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Strong local demand drives flash PMI to 4-month high
December 17, 2024
|Financial Express Bengaluru
ECONOMIC ACTIVITY EXPANDED at a robust pace in December, mainly due to an uptick in domestic demand conditions.
The HSBC Flash India PMI rose to 60.7—the highest print in four months—in December from 58.6 in November, S&P Global said in a release on Monday.
The acceleration was reflected in both manufacturing and service sectors, as companies across the two segments welcomed a faster upturn in new business intakes, it said.
Aggregate job creation climbed to a "survey peak" amid a faster increase in outstanding business volumes and optimistic expectations for output in 2025, it said. "Meanwhile, a moderation in cost pressures somewhat curbed charge inflation."
هذه القصة من طبعة December 17, 2024 من Financial Express Bengaluru.
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