A post by @FirstSquawk on X.
INDIA (OCT) HSBC INDIA PMI COMPOSITE ACTUAL: 56.2 VS 56.7 PREVIOUS
@FirstSquawk on X
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India’s HSBC composite PMI fell to 56.2 in October from 56.7 the previous month, signaling a slower but still solid pace of private-sector expansion. The reading remains well above the 50 no-change threshold, indicating continued growth in activity across services and manufacturing. The modest deceleration suggests momentum eased at the start of the quarter, a detail markets will weigh against inflation and demand trends. Investors will watch upcoming sector-level PMI components and RBI policy signals for whether the slowdown extends into November.
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India, HSBC