Informist, Thursday, Jul. 24, 2025

--India Jul flash composite PMI output index 60.7 vs 61.0 Jun final

--India Jul flash services PMI activity index 59.8 vs 60.4 Jun final

--India Jul flash manufacturing PMI 59.2 vs 58.4 Jun final
--India Jul flash manufacturing PMI of 59.2 highest since Feb 2008

NEW DELHI - India's private sector activity expanded at slower pace in July compared to the previous month, but remained robust with the HSBC Flash Composite Purchasing Managers' Index at 60.7 compared with 61.0 in June, S&P Global, which compiles the PMI, said Thursday.

Production activity outperformed the services sector with the flash manufacturing PMI rising to 59.2 in July, the highest since February 2008. The flash services PMI moderated to 59.8 in July from 60.4 a month ago.

"The strong performance was bolstered by growth in total sales, export orders, and output levels," Pranjul Bhandari, chief India economist at HSBC, said in a release. "Indian manufacturers led the way, recording faster rates of expansion than services for all of the three aforementioned metrics."

The overall private sector activity remained robust even as inflation picked up, job growth moderated, and business sentiment fell to its lowest in nearly two-and-a—half years, according to the results of the July flash PMI survey.

Inflation pressures increased in July with both input costs and output charges rising, S&P Global said. Firms surveyed by S&P Global cited higher cost for aluminium, cotton, cooking oil, egg, meat, vegetables, rubber, steel, and transportation. "The rate of inflation was solid, but remained below its long-run average," S&P Global said. Services companies recorded a faster increase in input prices than their manufacturing counterparts. Private sector companies passed on the additional costs to their clients as they raised selling prices, S&P Global said.

Job growth fell to its slowest in 15 months driven by a slowdown in the services sector, S&P Global said. "This moderation in job creation, coupled with robust intakes of new business, added to firms' capacity constraints." Business confidence was at its lowest mark since March 2023 as firms were concerned about competition and inflationary pressures, S&P Global said.

International orders placed with private sector companies in India increased sharply in July with the rate of expansion similar to June and among the strongest in the series history, S&P Global said. "Survey participants noted gains from across the globe, including Asia, Europe and the US. Growth of new export orders accelerated in the service economy whilst it slowed among goods producers." End

Reported by Shubham Rana

Edited by Vandana Hingorani

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