India's August Composite PMI Rises to 54.6 as Services Offset 5-Year Factory Output Weakness
Updated
Updated · TradingView · Aug 20
India's August Composite PMI Rises to 54.6 as Services Offset 5-Year Factory Output Weakness
3 articles · Updated · TradingView · Aug 20
Summary
India’s HSBC composite flash PMI rose to 54.6 in August from 54.3 in July, edging up from the lowest reading since March 2022.
Services growth strengthened enough to offset the weakest factory output in five years, while new orders increased only marginally and stayed below recent trends.
Export demand remained solid, with firms reporting stronger orders from the US, Germany, China, Singapore and Japan.
Hiring accelerated to the joint-fastest pace since June 2025 as companies added staff to meet demand, helping drive the steepest backlog clearance in five years.
Input-cost inflation eased to a seven-month low, but firms raised selling prices at the fastest pace since April as sentiment improved on expectations of better market conditions.