India's June flash composite PMI output index rises to 61.0, highest in 14 months

By Aditya Bhagchandani Published on June 23, 2025, 10:41 IST
India's private sector activity accelerated sharply in June 2025, with the HSBC Flash India Composite PMI Output Index climbing to 61.0, up from 59.3 in May, marking the strongest monthly expansion in 14 months, according to data released by S&P Global.
This surge was driven by robust increases in both manufacturing and services activity. The HSBC Flash India Manufacturing PMI rose to 58.4 in June from 57.6 in May, while the Services PMI Business Activity Index increased to 60.7 from 58.8.
Key factors behind this momentum included: A record rise in new export orders since the series began in 2014.
since the series began in 2014. Strengthened demand from Asia, Europe, the Middle East, and the Americas .
. Increased hiring, especially in the manufacturing sector.
Softer input cost inflation, reaching a 10-month low.
Commenting on the data, HSBC's Chief India Economist Pranjul Bhandari noted that India's strong growth in June was primarily fueled by export demand and rising backlogs, which in turn encouraged more hiring. Although both input and output prices rose, the pace of inflation moderated from earlier highs.
The data, collected between June 9 and 18, signals strong momentum as India closes out the first quarter of FY26, with sustained optimism among businesses despite a slight decline in overall sentiment compared to previous months.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Yahoo

36 minutes ago

• Yahoo

UK Private Sector Grows at Fastest Pace Since Trump Tariffs Hit

(Bloomberg) — The UK private sector expanded at a marginally faster pace in June, helping ease worries of an economic contraction in the second quarter, according to a closely watched survey. Bezos Wedding Draws Protests, Soul-Searching Over Tourism in Venice One Architect's Quest to Save Mumbai's Heritage From Disappearing NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports S&P Global (SPGI) said its purchasing managers' index rose to 50.7 in June, up from 50.3 in May and above analyst expectations, according to provisional estimates published Monday. The reading is slightly above the 50 threshold indicating expansion, and marks a recovery to levels last seen in March, just before Donald Trump's tariff announcements hit confidence and slashed exports to the US. The report will provide some relief for the Labour government, which is struggling to deliver sustained economic growth against a backdrop of higher taxes, trade wars and now an escalating conflict in the Middle East. Firms said the UK's trade deal with the US helped restore client confidence and improve orders, while falling borrowing costs are also helping demand. However, the survey suggests UK growth remains lackluster. Chris Williamson, chief business economist at S&P Global Market Intelligence, said the PMI results point to growth of just 0.1% in the second quarter. 'Although business conditions have continued to improve since April's downturn, quelling recession fears, growth of business activity remains disappointingly lacklustre,' said Williamson. Services activity continued to expand at a modest pace, partly offsetting a sharp contraction in manufacturing. Companies across the board reported declines in demand for exports amid US tariffs and heightened geopolitical tensions. Employers also shed staff for a ninth consecutive month, resorting to layoffs and hiring freezes to cope with higher cost pressures. The survey also highlighted some early signs of improving business conditions. Inflationary pressures eased to their lowest level in three months, while new order volumes rose for the first time in six months. The average prices charged by UK firms also rose at the slowest pace since 2021. 'The picture of near-stalled growth, falling employment and lower inflation opens the door for the Bank of England to cut rates again at its next policy meeting in August,' said Williamson. —With assistance from Tom Rees. Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Business Upturn

38 minutes ago

• Business Upturn

Official Launch of Virtune Coinbase 50 Index ETP Marked by Bell Ringing in Frankfurt

By GlobeNewswire Published on June 23, 2025, 13:08 IST Stockholm, June 23, 2025 – Virtune, the Swedish regulated crypto asset manager, celebrated the official launch of its latest exchange-traded product, the Virtune Coinbase 50 Index ETP, with a ceremonial bell ringing at Deutsche Börse Xetra in Frankfurt on June 17, together with Coinbase. The ceremony, held together with Coinbase, marks a significant milestone in Virtune's European expansion and reinforces its position as a leading issuer of regulated, physically backed crypto ETPs. The product is available to Swedish investors via online brokers such as Avanza and Montrose. Virtune listed the product on Xetra on June 2, 2025, making the Virtune Coinbase 50 Index ETP the first ETP in Europe to track the Coinbase 50 Europe Index – a broadly diversified index representing up to 50 leading crypto assets. The index is developed by Coinbase and administered by MarketVector Indexes™. Currently, the product holds 21 crypto assets, with the expansion to include all 50 assets subject to regulatory and exchange approvals. The Coinbase 50 Europe Index is designed to become the crypto market's equivalent of the S&P 500, aiming to provide investors with a comprehensive and representative selection of the largest and most relevant crypto assets in the market. The product targets both institutional and retail investors seeking regulated, transparent, and professional exposure to digital assets. Christopher Kock, CEO of Virtune: 'This ceremony clearly signals our long-term commitment to the European market. Standing on the podium in Frankfurt with our partners from Coinbase and MarketVector reflects the strength of collaboration, innovation, and regulated growth. We are here to help shape the future of crypto investing in Europe.' The Virtune Coinbase 50 Index ETP is available to both institutional and retail investors across Europe and is traded in EUR. The product is 100% physically backed by the underlying crypto assets, which are stored with institutional-grade security by Coinbase, and has an annual fee of 0.95%. Learn more about the product here: Key Information about the Product: Exposure: Exposure to up to 50 leading crypto assets in one product Underlying assets: 100% physically backed by the underlying crypto assets Custody: Institutional-grade custody by Coinbase Management Fee: 0.95% per annum Trading currency: EUR First day of trading: Monday, 2nd of June 2025 Bloomberg Ticker: VCOIN50 ISIN: SE0024738389 WKN: A4A5D4 Exchange ticker: VRTC Exchanges: Deutsche Börse Xetra For questions, contact: Christopher Kock, CEO & Member of the Board of DirectorsMobile: +46 70 073 45 64 Email: [email protected] About Virtune AB (Publ): Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market. Crypto investments are associated with high risk. Virtune does not provide investment advice; investments are made at your own risk. Securities may increase or decrease in value, there is no guarantee of getting back invested capital. Read the prospectus, KID, terms at The Coinbase 50 Europe Index ('Index') is the exclusive property of MarketVector Indexes GmbH ('MarketVector') and its Licensors and has been licensed for use by Virtune AB (Publ) ('Licensee'). MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee's legality or suitability and/or for Licensee's business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP ('Product') or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee's business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.

Bloomberg

42 minutes ago

• Bloomberg

HSBC's Return-to-Office Push Risks Denting CEO's Savings Plan

HSBC Holdings Plc is forecasting hundreds of millions in extra real estate costs as it considers asking more of its employees to return to the office, potentially hindering the bank in its bid to find $1.5 billion in annual cost savings. Chief Executive Officer Georges Elhedery will have to make a series of decisions in the coming weeks over whether to acquire more desk space for the lender's staff in London, Bangalore, Hyderabad and Guangzhou, people familiar with the matter said, asking not to be identified discussing internal deliberations. Securing the required space to support a return to three days a week in those cities would cost around $200 million a year, one of the people said.