Story perspectives
HSBC PMI Drops, Signals Slowdown Amid Weaker Orders
10/6/2025
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Story summary
- HSBC Services Purchasing Managers' Index fell to 60.9 in September from 62.9 in August, signaling easing.
- The index has stayed above 50 for over four years, indicating expansion.
- Weaker overseas orders and higher competition contributed to the slowdown.
- Composite PMI fell to 61.0 from 63.2, signaling slowdown.
- Employment growth remained modest, with under 5% of firms hiring.
