TestenGOLD- Free

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.

Diese Geschichte stammt aus der January 25, 2025-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

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

Diese Geschichte stammt aus der January 25, 2025-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS STANDARDAlle anzeigen
Business Standard

Montek Ahluwalia bats for smaller states to drive economic growth

Montek Singh Ahluwalia, economist and former deputy chairman of the erstwhile Planning Commission of India, has pitched for creation of new cities by carving out new states to drive urbanisation and fuel economic growth.

time-read
1 min  |
February 13, 2025
Business Standard

Plain tales of green entrepreneurship

A volume of startup tales in India can often be shallow, thinly disguised hagiographies offering no real insights or useful information.

time-read
3 Minuten  |
February 13, 2025
ONGC-NTPC Green JV acquires Ayana Renewable for ₹19.5K cr
Business Standard

ONGC-NTPC Green JV acquires Ayana Renewable for ₹19.5K cr

NIIF-backed firm has 4 GW of operational and under-construction assets

time-read
2 Minuten  |
February 13, 2025
MSME pharma units get 1-yr breather to adopt Schedule M standards
Business Standard

MSME pharma units get 1-yr breather to adopt Schedule M standards

The government has given one-year breather to small-and-medium sized pharma units with annual turnover of less than ₹250 crore to comply with the revised Schedule M standards which seek to set quality standards and good manufacturing practices.

time-read
1 min  |
February 13, 2025
Modi, Macron for Enhancing Investment Ties
Business Standard

Modi, Macron for Enhancing Investment Ties

Prime Minister Narendra Modi and French President Emmanuel Macron on Wednesday called for enhancing trade and investment ties between the two countries and committed to further deepening their engagement in the Indo-Pacific and various global forums and initiatives.

time-read
1 min  |
February 13, 2025
Businesses bank on love with Valentine's Day shopping boom
Business Standard

Businesses bank on love with Valentine's Day shopping boom

With Valentine's Day around the corner, love is in the air - and so are discounts, as couples shop for their special someone.

time-read
3 Minuten  |
February 13, 2025
Business Standard

Gaekwad gets a day's extension from SC to deposit ₹600 crore

Contempt plea against Saluja withdrawn

time-read
1 min  |
February 13, 2025
Rajnath Urges Pvt Sector to Lead Defence Manufacturing
Business Standard

Rajnath Urges Pvt Sector to Lead Defence Manufacturing

The time has come for the private industry to take a lead in India's defence manufacturing sector, Defence Minister Rajnath Singh said at Aero India 2025 in Bengaluru on Wednesday, less than two weeks after the Union Budget allocated ₹27,886 crore for acquiring weapons and systems from domestic private players.

time-read
1 min  |
February 13, 2025
Business Standard

PM Meets Pichai

Prime Minister Narendra Modi met Google CEO Sundar Pichai on the sidelines of the AI Action Summit in Paris where they discussed the \"incredible opportunities\" AI would bring to India.

time-read
1 min  |
February 13, 2025
US Prez says lower interest rates would go hand-in-hand with tariffs
Business Standard

US Prez says lower interest rates would go hand-in-hand with tariffs

Govt agencies to work with Musk's team to identify reductions in workforce

time-read
2 Minuten  |
February 13, 2025

Wir verwenden Cookies, um unsere Dienste bereitzustellen und zu verbessern. Durch die Nutzung unserer Website stimmen Sie zu, dass die Cookies gesetzt werden. Learn more