Strong local demand drives flash PMI to 4-month high
Financial Express Hyderabad|December 17, 2024
ECONOMIC ACTIVITY EXPANDED at a robust pace in December, mainly due to an uptick in domestic demand conditions.
FE BUREAU
Strong local demand drives flash PMI to 4-month high

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."

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