India Composite PMI Revised Lower

EthereumCraftsman · 2026-02-04T05:10:18+00:00

India's Composite PMI for January 2026 registered at 58.4, indicating strong growth driven by increased demand in manufacturing and services. Job creation improved, while inflation for input costs and output charges rose but stayed below historical averages.

EthereumCraftsman

2026-02-04 05:10:18

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India’s Composite PMI by HSBC came in at 58.4 in January 2026, below the flash print of 59.5 yet higher than December’s 11-month low of 57.8. The figure points to a solid pace of expansion, driven by improved momentum among goods producers and service providers. New order growth reached a two-month high, fueled by stronger demand across both manufacturing and services. Employment also picked up after stagnating in December, with modest job creation recorded in both sectors. On the price front, input cost and output charge inflation accelerated to four- and three-month highs respectively, though remained muted by historical standards.

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