India’s Manufacturing Rebounds in April Despite High Energy Costs

AI Briefing

• – India's manufacturing sector saw a rebound in April with a PMI output index of 58.3, up from 57.0 in March, after a contraction in the previous month due to the Middle East war.
• – The rebound in manufacturing is driven by a recovery in total activity and new orders in the private sector.
• – The HSBC Flash India Composite PMI Output Index rose above 50, indicating expansion in the manufacturing sector.