Financial News: India Manufacturing Growth Strongest In 10 Months

India Manufacturing Growth Strongest In 10 Months

05/02/2025 - 03:57:00 (RTTNews)

(RTTNews) - India's manufacturing sector expanded at the quickest pace in ten months on the back of another strong expansion in order books, data compiled by S&P Global showed on Friday.

The HSBC final manufacturing Purchasing Managers' Index rose slightly to 58.2 in April from 58.1 in March. The flash reading was 58.4. A score above 50.0 indicates expansion.

Output also grew at the quickest pace in ten months, led by a sharp rise in new business, which grew at the second-strongest rate for nine months due to robust domestic and international demand.

New export orders were also higher in April amid more client demand across Africa, Asia, Europe, the Middle East, and the Americas.

On the price front, input price inflation rose to a 4-month high in April amid higher costs for labor, leather, paper, rubber, steel, and transportation and building maintenance. As a result, the charge inflation accelerated to the highest level in over 11 years.

In line with growing output requirements, Indian manufacturers continued to add workforce numbers in April. Purchasing activity also increased, partly attributed to stock-building initiatives.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Slovakia GDP Growth Eases As Estimated (11 hr(s), 18 min(s), 19 sec(s) ago)
(RTTNews) - Slovakia's economic growth moderated as initally estimated in the first quarter of ...Full Story»

Czech Industrial Output Grows Most In Over 2 Years, Trade Surplus Grows Sharply (12 hr(s), 03 min(s), 19 sec(s) ago)
(RTTNews) - The Czech Republic's industrial production expanded at the fastest pace in just ov ...Full Story»

U.S. Job Growth Slightly Exceeds Estimates In May (12 hr(s), 50 min(s), 19 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

Austrian GDP Recovers Slightly Less Than Estimated (12 hr(s), 55 min(s), 19 sec(s) ago)
(RTTNews) - Austria's economy logged a slight recovery in the first quarter, though at a slo ...Full Story»

U.S. Employment Jumps Slightly More Than Expected In May (13 hr(s), 58 min(s), 19 sec(s) ago)
(RTTNews) - Employment in the U.S. increased by slightly more than expected in the month of May, a ...Full Story»

France Industrial Output Falls 1.4% (14 hr(s), 05 min(s), 19 sec(s) ago)
(RTTNews) - France's industrial production declined for the first time in three months in Apri ...Full Story»

French Trade Gap Widens In April (15 hr(s), 09 min(s), 19 sec(s) ago)
(RTTNews) - France's trade deficit increased in April as exports fell faster than imports, dat ...Full Story»

Russia Central Bank Cuts Rate By 100 Bps (15 hr(s), 48 min(s), 19 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate unexpectedly by 100 basis points ...Full Story»