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<Econ> India Mar HSBC Composite PMI Output Index Falls to 57, Above Flash
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According to the March India Purchasing Managers' Index (PMI) jointly released by S&P Global and HSBC, overall sales and output growth in India slowed, while employment continued to increase and cost pressures intensified. The India Composite PMI Output Index fell to 57.0 in March from 58.9 in February, indicating the weakest pace of expansion in nearly three and a half years, but remaining above the flash reading of 56.5. Growth in the services sector outpaced that of manufacturing, although expansion in both sectors moderated. The seasonally adjusted India Services PMI Business Activity Index declined to 57.5 from 58.1 in February, marking the weakest expansion in 14 months, but exceeding the flash estimate of 57.2. The overall reading remained above its long-term average of 54.4. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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