India's private sector expanded for the seventh consecutive month and at the fastest pace in five months, driven by a sharp increase at manufacturers, results of a survey by Markit Economics and HSBC bank showed Wednesday.
The HSBC Composite Purchase Managers' Index output index rose to 53.6 in November from 51.0 in October. A reading above 50 suggests expansion in the sector.
The HSBC seasonally adjusted services purchasing managers' index also climbed to 52.6 in November from 50.0 in the prior month. The reading was the highest in five months, albeit below the series average.
Manufacturing outperformed the service sector for the fifth month in a row, resulting in the strongest activity growth since February 2013.
New business growth in the service sector was faster in November and, the pace of expansion was solid overall and the quickest since July. Order growth for manufacturers also accelerated, which resulted a solid expansion across the private sector.
Despite the improvement in activity and new business, service sector employment declined for the first time in four months, while staffing levels across the private sector remained unchanged as manufacturing jobs increased marginally.
On the price front, input prices in the service sector dropped for the first time since March 2009 and the rate of decline was the second quickest in the survey's nine-year history. Output price inflation was the weakest in the 68-month sequence of rising prices.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.