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India's private sector growth reaches 13-month high in May, fueled by strong services activity.
India's private sector growth hit a 13-month high in May, driven by a surge in services activity, according to HSBC's Flash India PMI.
The Composite PMI Output Index rose to 61.2, indicating strong expansion in both manufacturing and services.
Services saw the fastest output rise in 14 months.
Despite this, inflationary pressures increased, with input costs and prices reaching their highest levels since April 2024. Business confidence improved, signaling optimism in future prospects.
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El crecimiento del sector privado de la India alcanza su máximo de 13 meses en mayo, impulsado por una fuerte actividad de servicios.