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The HSBC HOLDINGS manufacturing PMI for February is 56.3, the lowest level in 14 months.
In February, India's HSBC HOLDINGS manufacturing PMI was 56.3, marking a 14-month low. The final value of the manufacturing purchasing managers' index (PMI) was 56.3, down from the previous month's 57.1, hitting the lowest level in 14 months. The services PMI for the same month also decreased from 61.1 to 59.0. Meanwhile, due to the easing of inflation rates, authorities are expected to implement additional monetary easing measures.
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Morgan Stanley estimates that by 2028, the takeout market size in the Gulf Cooperation Council (GCC) countries will reach 30 billion dollars, with a compound annual growth rate of up to 15% from 2024 to 2028. Among them, the market size in Saudi Arabia will reach 16 billion dollars, accounting for over 50% of the total GCC market.
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