Mumbai, Jan 2 || India’s manufacturing activity continued to expand in December, albeit at a slower pace, as HSBC India Manufacturing Purchasing Managers’ Index (PMI) eased to 55 in December from 56.6 in November, a report showed on Friday.
The report compiled by S&P Global said that despite the moderation in growth, HSBC India Manufacturing PMI, held above its long-run average and the industry “wrapped up 2025 in good shape”.
It said that positive demand continued to underpin sharp increases in new business intakes and production, but expansion rate eased due to competitive pressures and subdued sales of specific items.
"Even with growth momentum easing, India's manufacturing industry wrapped up 2025 in good shape. The sharp rise in new business intakes should keep companies busy as we head into the final fiscal quarter, and the lack of major inflationary pressures could continue to support demand,” said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence.