India's Manufacturing PMI rose to 55.0 in May, signaling growth amid intense cost pressures and softened business optimism.
India's Manufacturing PMI rose to 55.0 in May (3-month high), driven by domestic demand and civil engineering projects, even as input cost inflation hit near 4-year peaks due to energy, fuel and Middle East supply pressures. Manufacturers are absorbing costs rather than passing them on, signaling margin compression ahead — a leading indicator for procurement and capex planning in India-linked supply chains.
India's manufacturing sector expanded at its fastest pace in three months in May on
sustained demand even as cost pressures were among the most
intense in nearly four years and business optimism softened to
its lowest since February, a survey showed on Monday.The HSBC India Manufacturing Purchasing Managers' Index
(PMI), compiled by S&P Global, rose to 55.0 in May
India manufacturing activity rose in May despite cost pressures, PMI shows
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PMI Manufacturing rose to a 3-month high of 55 in May, driven by strong domestic demand and increased production activity.
