India's private sector economy contracts slightly in May
after close1 source ↓written by the desknot a recommendation
- Output Index
- 58.1
- in April
- 58.2
India's private sector economy experienced a marginal contraction in May, with the HSBC Flash India PMI Composite Output Index at 58.1, down from 58.2 in April. The service sector showed growth, but manufacturing activity eased, impacting new orders and exports. Input price inflation increased, but firms limited cost pass-through to clients, affecting overall pricing strategies.
Not investment advice. For informational purposes only.