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Business growth drops in March on weaker services demand: PMI
Financial Express Lucknow
|March 25, 2025
GROWTH IN INDIA'S business activity slowed marginally in March, reflecting a softer increase in services activity, even though factory production rose at the quickest pace since July 2024, according to a survey by HSBC Holdings.
The HSBC Flash India Composite Output Index — a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors — was down from February's final reading of 58.8 to 58.6 in March.
The 50-mark divides growth from contraction. The manufacturing PMI increased to 57.6 from 56.3, remaining in the expansion territory for more than three-and-a-half years.
Esta historia es de la edición March 25, 2025 de Financial Express Lucknow.
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