HSBC’s preliminary PMI survey showed India’s economic activity accelerated in September, with the services PMI rising to 55.8 from 54.1 and the manufacturing PMI climbing to a seven-month high of 55.7 from 52.8. The composite index reached 56.5, up from 54.3 in August. HSBC said output growth in both manufacturing and services accelerated, goods producers led the latest rise, new orders expanded at a faster pace and employment registered robust growth; the composite index has returned above its

HSBC’s preliminary PMI survey showed India’s economic activity accelerated in September, with the services PMI rising to 55.8 from 54.1 and the manufacturing PMI climbing to a seven-month high of 55.7 from 52.8. The composite index reached 56.5, up from 54.3 in August. HSBC said output growth in both manufacturing and services accelerated, goods producers led the latest rise, new orders expanded at a faster pace and employment registered robust growth; the composite index has returned above its long-run average.