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India's mfg PMI rises to 14-month high in June as new orders grow
July 02, 2025
|Hindustan Times Noida
India's manufacturing activity, as measured by the HSBC India Manufacturing Purchasing Managers' Index (PMI), rose to a 14-month high of 58.4 in June, as both output and new orders grew at a quicker pace, according to a release by S&P Global on Tuesday.
NEW DELHI:
The PMI rose 1.39% compared to 57.6 registered in May and was the highest since April 2024 when it was 58.8. The reading remained above the 50-mark, which indicates expansion over the last month and was also above the long-run average of 54.1. The index has remained above 50 for four years now.
"India's manufacturing PMI reached a fourteen-month high of 58.4 in June. Robust end-demand fuelled expansions in output, new orders, and job creation," said Pranjul Bhandari, Chief India Economist at HSBC.
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