HSBC India Manufacturing PMI Hits 57.7 in January 2025
Why in the news
Factory activity strengthened in January 2025, with the HSBC India Manufacturing PMI snapping a two-month decline.
Key facts
- PMI: 56.4 to 57.7, a six-month high.
- Exports: quickest growth since 2011 (14-year high).
- Employment: fastest rise in nearly 20 years, reported by S&P Global.
- Prices: input cost pressure at an 11-month low; selling prices up at the slowest pace in four months.
| Indicator | January reading |
|---|---|
| Order books | Fastest since July 2024 |
| Production | Fastest since October 2024 |
| Firms expecting growth | 32% |
| Firms expecting a fall | 1% |
Significance
- A healthy manufacturing rebound and better jobs.
- Milder price rises may keep inflation controlled.
- Growth likely to hold in Q4 FY25.
Exam angle
- Numbers to recall: 57.7, 56.4, 32%, 1%.