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India’s Factory Surge Holds Steady: PMI Hits 14-Month High at 58.4

Updated: July 01, 2025 10:40

Image Source: KNN India
India’s manufacturing sector continued its strong run in June, with the HSBC/S&P Global Final Manufacturing PMI confirmed at 58.4, matching the flash estimate and marking the best improvement in operating conditions since April 2024. This reading signals sustained expansion, driven by rising new orders, robust export demand, and resilient global appetite for Indian goods.
 
Key highlights:
  • New export orders rose sharply, especially from Asia, Europe, and the Americas—marking the strongest growth since comparable data began in 2014.
  • The manufacturing output index climbed to 61.5 from 60.3 in May, reflecting solid production momentum.
  • Employment expanded as manufacturers responded to rising backlogs and global demand.
  • Business sentiment remained optimistic, though slightly softer than previous months.
  • Input costs rose at a slower pace, while output price inflation held steady—among the fastest since November 2013.
According to HSBC Chief India Economist Pranjul Bhandari, “June’s PMI signals strong growth, with manufacturing leading the charge. Export orders and rising backlogs are fueling hiring and output.”
 
With both domestic and international demand firing on all cylinders, India’s manufacturing sector appears wellpositioned for continued expansion into the second half of 2025.
 
Source: S&P Global, HSBC, Business Standard

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