HSBC’s preliminary PMI survey showed India’s economic activity accelerated in
September, with the services PMI rising to 55.8 from 54.1 and the manufacturing
PMI climbing to a seven-month high of 55.7 from 52.8. The composite index
reached 56.5, up from 54.3 in August. HSBC said output growth in both
manufacturing and services accelerated, goods producers led the latest rise, new
orders expanded at a faster pace and employment registered robust growth; the
composite index has returned above its long-run average.
