汇丰银行印度制造业采购经理人指数从初步估计的59.2略微下调至2025年7月的59.1，尽管仍高于6月份的58.4。这是自2024年3月以来的最高水平，突显了该行业的持续强劲。在强劲的需求条件和成功的市场策略的支持下，新订单大幅增长，增速加快，达到近五年来的最快水平。因此，产出增长也有所回升，达到15个月来的最高点。与此同时，招聘活动在第二财季开始时持续存在，尽管创造就业的速度放缓至八个月来的最低水平。在通货膨胀方面，投入成本的增长速度比6月份快，而产出费用仅略有增加。最后，制造商对未来12个月的产量增长保持乐观，但整体商业情绪跌至三年来的最低水平。

The HSBC India Manufacturing PMI was revised slightly lower to 59.1 in July 2025 from a preliminary estimate of 59.2, although it remained above June’s reading of 58.4. It marked the highest level since March 2024, highlighting the sector’s continued strength. New orders rose sharply and at an accelerated pace, growing at the fastest rate in nearly five years, supported by robust demand conditions and successful market strategies. Consequently, output growth also picked up, reaching a fifteen-month high. Meanwhile, hiring activity persisted at the start of the second fiscal quarter, though the rate of job creation slowed to its weakest in eight months. On the inflation front, input costs rose at a faster pace than in June, while output charges increased only slightly. Lastly, manufacturers remained optimistic about output growth over the next twelve months, but overall business sentiment slipped to its lowest level in three years.