India’s Manufacturing Rebounds in April Despite High Energy Costs

The manufacturing industries are driving a rebound in India’s private sector output in April, following a slump in March during the initial shock caused by the war in Iran, a survey showed on Thursday. The HSBC Flash India Composite PMI Output Index rose to 58.3 in April from 57.0 in March, according to the flash survey of Indian manufacturers and service providers. Total activity and new orders in the private sector are expanding in April, after a contraction in March due to the Middle East war. The manufacturing…