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India's mfg PMI rises to 14-month high in June as new orders grow
Hindustan Times Noida
|July 02, 2025
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.
This story is from the July 02, 2025 edition of Hindustan Times Noida.
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