Private sector activity hits four month high in October

India's private sector activity reached a four-month high in October, according to a survey released by HSBC. The HSBC Flash India Composite Purchasing Managers' Index (PMI) rose to 56.7 in October from 55.9 in the previous month, signaling expansion in the private sector. Private-sector manufacturing activity continued to expand, with growth in output and new orders remaining stable.

Services activity also increased to 56.2 from 55.2. Employment in the private sector increased slightly, with firms reluctant to hire due to sufficient staffing levels. Business confidence for the coming year strengthened to its highest level since May, driven by expectations of further improvements in market conditions and international demand.

Inflationary pressures eased, with input cost prices slowing to their lowest level in almost a year and output price inflation moderating to its weakest pace since March 2025.

Brief written by urgent.news from The Economic Times - Economy's own syndicated text. Machine-written — may contain errors; check the original before relying on it.