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    June services activity gets export push, PMI at 60.5

    India's services sector saw robust growth in June, driven by a record surge in international sales and strong demand, according to HSBC’s PMI, which rose to 60.5. Employment grew at its fastest pace in 22 months. Despite rising market uncertainties, service providers remain optimistic about future business activity.

    Institutional investment in Indian real estate at $2.5 billion in Q2, marking a 3-year high

    Private equity investments in Indian real estate hit a three-year high in Q2 2024, totaling $2.5 billion. The industrial and warehousing segment led with 61% of the total investments ($1.5 billion), driven by large deals. The residential segment saw a 7.5x increase from Q2 2023, making up 21% of total inflows. Office assets received $0.3 billion, showing a significant annual decline.

    India's services growth picks up in June on record rise in exports

    India's services sector saw robust growth in June, driven by strong demand and record export orders, according to the HSBC India Services PMI by S&P Global. The index rose to 60.5, indicating expansion. Hiring reached its highest in nearly two years, while positive sentiment dipped slightly due to market uncertainty.

    UK manufacturing growth slows as shipping delays hit exports, PMI shows

    While output and overall new orders grew at close to their fastest pace in two years, export orders fell for a 29th successive month, due to the shipping delays and high freight costs.

    Economy on strong wicket after fiscal first quarter

    India's economy showed strong first-quarter performance with surging manufacturing activity, robust GST collections, and record-high Sensex, alongside a rise in passenger car sales and new export orders from overseas markets, as highlighted by industry experts and economic indicators.

    Budget 2024: Will India’s robust manufacturing segment sway Sitharaman’s decisions? A look at PMI numbers

    India manufacturing PMI Budget 2024 | Finance Minister Nirmala Sitharaman's upcoming Budget for 2024 is set against the backdrop of robust manufacturing PMI readings, signaling strong economic growth. The latest GDP figures for Q4 and FY24 underscore this momentum, driven by resilient manufacturing and services sectors. Amid global uncertainties, the budget aims for continuity, balancing growth and coalition priorities.

    • Record upturn in job creation drives India's manufacturing PMI to 58.3 in June

      Activity in India's manufacturing sector rebounded last month with an increase in output driven by robust demand, leading to the fastest rate of hiring in over 19 years despite ongoing inflationary pressures, according to a survey.

      Asia's factory activity expands in June on solid global demand

      The surveys show how Chinese firms are ramping up production despite weak domestic demand, which Beijing has failed to reverse with a rescue package for an ailing property sector.

      China's June factory activity contracts again, services slows

      China's economic indicators for June painted a challenging picture, with manufacturing activity stagnating and services slipping to a five-month low, according to an official survey released on Sunday. The Purchasing Managers' Index (PMI) remained unchanged at 49.5, below the growth threshold of 50, indicating ongoing economic struggles despite some positive signals in industrial production. Analysts noted that while exports have been a strong driver, both domestic and external demand remain insufficient to fully utilize China's manufacturing capacity, prompting calls for additional policy support to stimulate growth.

      Oil extends losses as strong dollar weighs on commodities markets

      Oil prices fell in early Asian trade on Monday due to a stronger dollar and concerns of higher interest rates. Brent crude futures slid to $84.84 a barrel, while U.S. West Texas Intermediate crude futures were at $80.34. Geopolitical risks in the Middle East and issues in Ecuador impacted prices.

      US PMI data triggers sharp decline in gold prices

      Gold prices surged to a two-week high of $2,366 following a second rate cut by the Swiss National Bank and weaker US data. Traders anticipate a move by the US Federal Reserve, especially after the European Central Bank's rate cut.

      India business activity rises in June, job creation at 18-year high

      India's business activity expanded at a faster pace this month than in May, thanks to gains in manufacturing and services. The pace of job creation was at its strongest in over 18 years, marking a strong start to the country's economy this financial year. HSBC's flash India Composite Purchasing Managers' Index rose to 60.9 in June, marking nearly three years above the 50-level separating growth from contraction.

      Key focus will be on US retail sales, PMI data, and Eurozone: Naveen Mathur

      From gold prices to the Federal Reserve's stance on rate cuts, there's a lot happening in the world of commodities right now. In an exclusive interview with ETMarkets, Naveen Mathur, Director of Commodities & Currencies at Anand Rathi Shares and Stock Brokers, shares his insights on the current state of the commodities market and this week's trends.

      India's services sector softens to five-month low in May: PMI report

      India's services growth slowed to a five-month low in May due to weaker domestic demand, despite record export growth and a 21-month high in job creation. The services PMI fell to 60.2 from 60.8 in April. Input costs rose, intensifying price pressures and possibly delaying interest rate cuts by the RBI.

      Rising heat cools mfg PMI to 3-mth low as input costs bite

      Manufacturing activity decreased to 57.5 in May from 58.8 in the previous month due to heatwaves and rising costs, as per a private survey by HSBC. The sector saw a softer rise in new orders and output, impacting work hours and production volumes for manufacturing firms.

      Manufacturing activity eases to a three-month low of 57.5 in May

      The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index remained four points higher than the long-run average, with exports helping drive momentum.

      China's factory activity growth hits 2-year high, Caixin PMI shows

      The Caixin/S&P Global manufacturing PMI rose to 51.7 in May from 51.4 the previous month, marking the fastest pace since June 2022 and beating analysts' forecasts of 51.5. The 50-point mark separates growth from contraction.

      Private sector activity picks up to 61.7 in May, according to HSBC Flash PMI

      The HSBC Flash India Composite Output Index rose to 61.7 in May compared with 61.5 in the previous month. “The latest data showed strength in new export orders for both sectors, which rose at the fastest pace since the series started in September 2014,” said Pranjul Bhandari, chief India economist, HSBC.

      India May business growth robust as exports rise at record pace, PMI shows

      HSBC's flash India Composite purchasing managers' Index , compiled by S&P Global, rose slightly to 61.7 this month from April's final reading of 61.5, marking the 34th month above the 50-level separating growth from contraction.

      India's services sector shows strongest growth rates in around 14 years: PMI data

      In April, India's services sector saw a slight moderation, but maintained strength due to robust domestic and international demand, boosting business confidence to a three-month high. Despite a dip in the HSBC Services PMI to 60.8 from March's 61.2, it remained among the fastest growth rates in nearly 14 years.

      Manufacturing activity eases slightly to 58.8 in April; optimism improves

      Buoyant domestic demand ensured a strong start for the fiscal, with the manufacturing activity easing slightly to 58.8 in April compared with 59.1 in the previous month, according to results of a private survey released Thursday.

      India's manufacturing sector still strong even as PMI eases from a 16-year high in April

      In April, India's manufacturing sector saw a slight slowdown, yet remained strong due to high demand, revealed by a private business survey. This surge in demand drove companies to increase raw material procurement nearly to record levels. The HSBC final India Manufacturing Purchasing Managers' Index dipped to 58.8 from March's 16-year high of 59.1.

      Indian economy on upward trajectory: NCAER's cites favorable above-normal monsoon forecast

      The NCAER's April 2024 Monthly Economic Review (MER) highlights the Indian economy's robust performance, citing a 16-year high in the PMI for manufacturing and record UPI transactions. With positive global forecasts and decreasing inflation, the economy looks poised for growth, though online hiring activity shows a slight moderation.

      Private sector activity rises to highest level in nearly 14 years

      India's private sector activity surged to a 14-year high, driven by strong demand, according to preliminary data released by HSBC. The Flash India Composite PMI Output Index rose to 62.2 in April. Service growth accelerated, especially in international markets, while manufacturing remained steady. Optimism and improved margins were noted, but inflation remained above average

      India's April business growth at near 14-year high, PMIs show

      India's business activity surged to its highest level in nearly 14 years due to strong demand, reflecting robust economic growth. HSBC's purchasing managers' index rose to 62.2, signaling expansion in both manufacturing and services sectors. Despite easing input inflation, rising demand may delay rate cuts as inflation is expected to persist.

      March services PMI at 61.2

      In March, the HSBC India Services Business Activity Index surged due to strong demand and new export orders, leading to a substantial increase in total sales and business activity in close to 14 years.

      India's March services growth strong, exports at record high: PMI data

      The final HSBC India Services Purchasing Managers' Index , compiled by S&P Global, rose to 61.2 last month from February's 60.6, confounding a preliminary reading for a fall to 60.3.

      Stellar growth: India's Manufacturing PMI at 16-yr high in March

      India's manufacturing sector achieved a 16-year high in March, propelled by robust growth in new orders and production, marking a stellar close to FY24. The HSBC India Manufacturing Index surged to 59.1, reflecting strong expansion across consumer, intermediate, and investment goods sectors, driven by domestic and export demand. Despite inflation concerns, confidence remained elevated.

      India's March manufacturing PMI rises to 16-year high as output and orders jump to highest since October 2020

      India's manufacturing sector ended FY24 with remarkable performance, as reflected in the HSBC India Manufacturing PMI hitting a 16-year high of 59.1 in March. Strong output and new orders prompted increased hiring, yet concerns over inflation caused overall sentiment to dip to a four-month low, despite optimism in certain areas.

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