January factory activity hit a six-month high.

• Private sector manufacturing activity in India rebounded to a six-month high in January, after a one-year low in December.

• Exports recorded their best month in 14 years, and factory order books expanded at the fastest pace since July 2024.

• HSBC India Manufacturing Purchasing Managers’ Index rose from 56.4 to 57.7 in January, breaking a two-month deceleration streak.

• Firms reported buoyant demand and raised prices at the slowest pace in four months.

• Job expansion levels were the greatest seen in nearly 20 years of data collection.

• Companies ramped up production volumes at the fastest rate since last October, with nearly 32% expecting growth and 1% projecting contraction in output.