India private sector activity hits 4-month high in October
In short
India’s private sector activity reached a four-month high in October, based on a flash HSBC survey.
Manufacturing and services both picked up, and new orders rose while price pressure eased. Hiring was weaker, and the report does not say why employment slowed.
What the reporting says
India’s private sector activity hit a four-month high in October, according to a flash HSBC survey cited by Mint. Manufacturing and services gathered pace, new orders increased and inflationary pressures eased, but hiring growth slowed and employment rose at its weakest pace this year. The report does not state the exact PMI reading or explain why job growth softened.
Why it matters
India’s private sector activity hit a four-month high in October in HSBC’s flash survey, with manufacturing and services both improving, according to Mint. The report also says new orders rose and inflation pressures eased, while employment growth slowed to its weakest pace this year. The exact PMI number is not stated in the available reporting.