PMI

November Service PMI: The hiring surge was driven by improving business confidence, rising new orders, and strong international demand in the sector

Companies recruit extra workers to meet domestic and international demand

The survey also noted that new export orders exhibited stronger growth, following the weakest increase in a year and a half during September, with gains reported in new contracts

Index has been above the 50-level separating growth from contraction for 39 consecutive months

'Mild setback' in manufacturing growth across India, according to HSBC survey

The rise in employment in the service sector was the steepest since August 2022

Job creation in sector 'remains solid'; companies positive about economy

India August service PMI: The PMI climbed to 60.9 in August, fuelled by by increase in new domestic orders

Indian manufacturers registered softer increases in new business and output during August

Pace of expansion remains sharp and indicates strong demand and favourable market conditions, HSBC survey

The flash services PMI index rose to 60.4 this month from 60.3 in July, while a preliminary manufacturing PMI showed strong growth, albeit slightly weaker than last month

The world's second-biggest economy grew much more slowly than expected in the second quarter

However, international sales expanded at the fastest pace in over 13 years, while job creation remained robust, and selling prices saw the steepest increase since October 2013

Caixin/S&P Global manufacturing PMI fell to 49.8 in July from 51.8 the previous month, the lowest reading since October

According to the survey carried out by the global banker, the headline flash composite Purchasing Managers' Index (PMI) figure rose to 61.4 in July, compared to 60.9 in June

'Staffing levels' increase at fastest pace since August 2022, according to survey

Business confidence levels eased to the lowest level since March 2020 with concerns about the global economy and rising competition

Demand for consumer and intermediate goods was stronger than that for investment goods

The survey also noted that pace of job creation was at its strongest in over 18 years

The manufacturing index showed bigger gains to 58.5 from 57.5 in May while the dominant services industry's reading rose slightly to 60.4 this month from 60.2