ENA Global 2025-05-13 16:32:36 <p><span style="font-size:14px"><strong>New Delhi, May 13 (KNN)</strong> India has emerged as the global frontrunner in both manufacturing and services activity, according to the latest Purchasing Managers' Index (PMI) data released by J.P. Morgan.</span></p> <p><span style="font-size:14px">The report highlights that for April 2025, India's manufacturing PMI stood at 58.2, while the services PMI reached 58.7&mdash;marking the highest levels among developed and emerging economies alike.</span></p> <p><span style="font-size:14px">The PMI is a widely tracked economic indicator that measures business activity in the manufacturing and services sectors. A PMI reading above 50 indicates expansion, whereas a figure below 50 reflects contraction.</span></p> <p><span style="font-size:14px">India's robust performance, with both readings significantly above the threshold, points to continued steady growth and resilience in its economy.</span></p> <p><span style="font-size:14px">In contrast, Chinas manufacturing activity showed comparatively modest results. The PMI reported by IHS Markit stood at 50.4, while the figure released by Chinas National Bureau of Statistics (NBS) was 49.0, indicating contraction in the sector.</span></p> <p><span style="font-size:14px">Chinas services sector also lagged behind, with PMI readings of 50.7 (Markit) and 50.1 (NBS), reflecting slower expansion when compared to India.</span></p> <p><span style="font-size:14px">Major economies such as the United States, the Eurozone, the United Kingdom, and France reported mixed or weaker PMI figures. The U.S. registered a manufacturing PMI of 48.7, indicating contraction, and a services PMI of 51.6, pointing to marginal growth.</span></p> <p><span style="font-size:14px">The Eurozone also showed sluggish momentum, with manufacturing at 49.0 and services at 50.1.</span></p> <p><span style="font-size:14px">France and the United Kingdom reported some of the weakest PMI results. The UK's manufacturing and services PMIs stood at 45.4 and 49.0 respectively, while France recorded 48.7 in manufacturing and 47.3 in services&mdash;both firmly in contraction territory.</span></p> <p><span style="font-size:14px">Overall, the global PMI data for April 2025 underscores Indias leading position in economic activity across both sectors. These figures reflect strong domestic demand, heightened business confidence, and sustained economic strength.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42061 https://knnindia.co.in/news/newsdetails/global/india-leads-global-rankings-in-manufacturing-and-services-growth-jp-morgan-report 2025-05-13 16:32:36 knnindia.co.in