Financial News: India Manufacturing Growth Eases In May

India Manufacturing Growth Eases In May

06/02/2025 - 03:52:00 (RTTNews)

(RTTNews) - India's manufacturing activity continued to expand strongly in May, though at the weakest pace in three months amid slower rises in new orders and output, data compiled by S&P Global showed on Monday.

The HSBC final manufacturing Purchasing Managers' Index dropped to 57.6 in May from 58.2 in April. The flash reading was 58.5. Nonetheless, a score above 50.0 indicates expansion.

Both output and new orders rose at the slowest pace in three months, linked to cost pressures, fierce competition, and the India-Pakistan conflict. The overall sales growth was driven by healthy domestic and international demand, alongside successful marketing initiatives.

A positive demand environment encouraged firms to increase their purchasing activity and workforce numbers in May, with the rate of job creation climbing to a new series record.

On the price front, input price inflation accelerated to the highest since November 2024, led by higher costs for aluminum, cement, iron, leather, and rubber. As a result, selling price inflation remained marked in May.

Looking ahead, Indian goods producers remained strongly confident of a rise in output over the next 12 months on the back of fruitful advertising and new customer inquiries.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

New Zealand Manufacturing PMI Data Due On Friday (03 hr(s), 02 min(s), 34 sec(s) ago)
(RTTNews) - New Zealand will on Friday release May results for the manufacturing PMI from Business ...Full Story»

Thirty-Year Bond Auction Attracts Average Demand (07 hr(s), 51 min(s), 34 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $22 billi ...Full Story»

Portugal Inflation Confirmed At 2.3% (11 hr(s), 04 min(s), 34 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation increased slightly as initially estimated in M ...Full Story»

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected (11 hr(s), 12 min(s), 34 sec(s) ago)
(RTTNews) - After reporting an unexpected decrease by U.S. producer prices in the previous month, ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High (11 hr(s), 15 min(s), 34 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»

Irish Inflation Eases To 5-month Low (12 hr(s), 13 min(s), 34 sec(s) ago)
(RTTNews) - Ireland's consumer price inflation moderated in May to the lowest level in five mo ...Full Story»

U.S. Producer Prices Inch Up Less Than Expected In May (12 hr(s), 25 min(s), 34 sec(s) ago)
(RTTNews) - After reporting an unexpected decrease by U.S. producer prices in the previous month, ...Full Story»

U.S. Weekly Jobless Claims Unchanged At 248,000 (12 hr(s), 31 min(s), 34 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»