HSBC Flash India PMI: The HSBC Flash India Composite Output Index, an index of the combined performance of India’s manufacturing and services sectors, has registered a decline in the month of December. In the month of December it has come down to 58.9, whereas in November this figure was 59.7.
Flash PMI data has been released by S&P Global on Tuesday, December 16. According to the information received from the report, there has been a decline in business activities of both manufacturing and services sectors.
What does the data say?
Flash PMI data from S&P Global shows that India’s manufacturing and services sectors still remain strong and the index is well above the neutral level. However, a decline has definitely been registered in it. Which shows the slow pace of both the sectors. A figure above 50 shows strength or economic expansion.
At the same time, a level below 50 shows a decline and a level of 50 does not show any change. The country’s PMI data is at 58.9. According to a report published in Business Standard, HSBC Flash India PMI has ended positive in the year 2025. There has been a decline in the month of December due to slow pace of output and new orders.
The pace of manufacturing was the slowest in two years
The manufacturing sector has seen the weakest growth compared to the last two years. The pace of output and new orders remained slow in the month of December. Due to which the index has come down to 55.7. Which indicates slow improvement in the sector.
However, companies are hopeful that their growth may increase with new orders next year. Despite this decline in PMI, companies are expecting growth in business. However, business confidence has declined for the third consecutive month in December.
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