Private Sector Activity Slides to a 14-month low in January: Flash PMI

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In a Sobering First Indicator About India’s Economy in 2025, Private Sector Activity Activity to have the brakes in January with output and growth levels sliding to a 14-monnth tole H Purchasing Manners’ Indices (PMI) .
Even as cost pressures intensified for firms compelling them to Raise Prisies at a Faster Rate, Manufacturing Activity Activity Actily Strengthed, with new Orders Hitting a Six-monthly high-high guhns. However, this was more than offset by a sharp slowdown in the services economy.

“Indian Private Sector Companies Started 2025 with a Slowdown in Growth. With the Rise in New Business Intakes Rece other
While PMI Numbers for A Month Are Released At The Beginning of the Subsequent Month, The Flash PMI Data is called from Calculated from Around 80-90% of Total Responses with an aim to the fact .
The HSBC Flash India Composite Output Index, A seasonally adjusted index that measures the month-on-month change in the combined output of India’s manufacturing and service sector, plummed from December’s reading of 59.2 to 57.9 in January. A Reading of Over 50 on the Index Signals an expansion in activity.

The HSBC Flash India Services PMI Business Activity Index Stumbled to 56.8 from December’s 59.3 Reading. While this cooling was larger Driven by domestic demand trends, Global sales grew at the fastest pace in six months for service providers as well as goods producers. The HSBC Flash India Manufacturing PMI Increased from 56.4 to 58 in January, Marking the Best UPTICK For The Sector Since July 2024.
For services players, New Business Grew at the Slowest Since November 2023, Dragging Optimism Levels to a Three-Month Low. On the other hand, Confidence Levels Improved Among Manufacturing Firms to a Level Not Seen Since May Last Year.

COST PRESSURERERES ROSE At a Ten-Month Low Pace For Producers, but surged at an almost 18-month peak rate for service providers, with Firms Reporting Higher Expenses on Chemical, Labor, Labor, Labor, And Vegetables.
Perhaps the only parameter that services firms did better was outstanding business volumes, which rose faster than experienced by goods manufacturers. S & P Global Said Capacity Pressures in the Private Sector Seem to Be Rising With Outstanding Business Growing at the Fastest Rate in Nearly Two-D-A-AHALF Years.
Published – January 24, 2025 12:27 pm IST