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Private sector activity slows to 14-month low: Flash PMI data
Business Standard|January 25, 2025
India’s private sector output grew at its slowest since November 2023 as the pace of new business intake softened in the services sector, which in turn offset the robust growth seen in the manufacturing sector during the month, according to the HSBC Purchasing Managers’ Index (PMI) survey released Friday.
- SHIVA RAJA

The index compiled by S&P Global fell to 57.9 in January from December’s final reading of 59.2.

However, the index, which measures monthly change in the combined output of India’s manufacturing and service sectors, has been above the 50-level separating growth from contraction, for the 42nd consecutive month.

"The latest HSBC flash PMI data, compiled by S&P Global, showed that a stronger expansion in the manufacturing industry was more-than-offset by a loss of growth momentum in the service economy. Meanwhile, prices charged for goods and services rose at a faster rate than in December as cost pressures intensified," the survey said.

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Private sector activity slows to 14-month low: Flash PMI data
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