India manufacturing growth stays sluggish as April PMI rises to 54.7
Updated
Updated · Reuters · May 4
India manufacturing growth stays sluggish as April PMI rises to 54.7
7 articles · Updated · Reuters · May 4
HSBC's final S&P Global survey showed April's reading rose from 53.9 in March but missed a 55.9 flash estimate, staying near March's 45-month low.
Production and new orders grew at the second-slowest pace since mid-2022 as weak demand, competition and the US-Israel war with Iran hit activity and pushed input costs to their highest since August 2022.
Manufacturers raised selling prices at the fastest pace in six months, while export orders grew at a seven-month high, hiring hit a 10-month peak and business optimism reached its second-highest since November 2024.
Why are Indian factories hiring at a 10-month high despite facing the worst cost pressures in years?
With global supply chains broken, are India's high tariffs protecting its industry or strangling its growth?
Can India navigate the Mideast crisis while juggling conflicting energy demands from the U.S. and Russia?