India’s strong private sector expansion loses some steam in September, PMIs show
India’s private sector growth remains solid in September but moderated from August’s multi-year peaks, according to the flash composite PMI. Both manufacturing and services output continued expanding, though new orders and hiring grew at slower rates. Intense competition and cost pressures were cited by firms. Despite cooling, the expansion remains one of the fastest in recent years, keeping expectations for near-term GDP growth intact amid inflation and demand concerns.
neutral
26 days ago
India’s strong private sector expansion loses some steam in September, PMIs show
India’s private sector growth remains solid in September but moderated from August’s multi-year peaks, according to the flash composite PMI. Both manufacturing and services output continued expanding, though new orders and hiring grew at slower rates. Intense competition and cost pressures were cited by firms. Despite cooling, the expansion remains one of the fastest in recent years, keeping expectations for near-term GDP growth intact amid inflation and demand concerns.
neutral
India’s strong private sector expansion loses some steam in September, PMIs show
26 days ago
1 min read
69 words
Private sector growth robust but cooling; new orders & hiring slow down.
India’s private sector growth remains solid in September but moderated from August’s multi-year peaks, according to the flash composite PMI. Both manufacturing and services output continued expanding, though new orders and hiring grew at slower rates. Intense competition and cost pressures were cited by firms. Despite cooling, the expansion remains one of the fastest in recent years, keeping expectations for near-term GDP growth intact amid inflation and demand concerns.
India’s private sector growth remains solid in September but moderated from August’s multi-year peaks, according to the flash composite PMI. Both manufacturing and services output continued expanding, though new orders and hiring grew at slower rates. Intense competition and cost pressures were cited by firms. Despite cooling, the expansion remains one of the fastest in recent years, keeping expectations for near-term GDP growth intact amid inflation and demand concerns.