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印度10月商业增长创4个月新高;招聘停滞,PMI显示India October business growth hits 4-month high; hiring stalls, PMI shows

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2026年1月28日,印度艾哈迈达巴德郊区的一家钢铁厂内,一名工人正在检查一根钢筋的尺寸规格。路透社/阿米特·戴夫A worker checks the gauge of a steel bar inside a steel factory on the outskirts of Ahmedabad, India, January 28, 2026. REUTERS/Amit Dave

一项初步调查显示,随着更强劲的订单推动以服务业为主的反弹,印度10月商业活动以四个月来最快速度扩张,但招聘几乎停滞,因为企业依靠现有员工应对不断增加的工作量。

India's business activity expanded at its fastest pace in four months in October as stronger orders drove a services-led pickup, but hiring almost stalled as companies met rising workloads with existing staff, a preliminary survey showed.

由标普全球编制的汇丰印度综合采购经理指数(PMI)初值从9月终值的55.9升至本月的56.7,高于路透社调查的预测中位数56.1。这表明增长健康,因为50的荣枯线将增长与收缩区分开来,但仍低于今年的平均水平。

HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 56.7 this month from September's final 55.9 and above a Reuters poll median forecast for 56.1. That suggests healthy growth as the 50-mark separates growth from contraction but it remains below this year's average.

服务业PMI从55.2升至56.2,推动私营部门产出加速的大部分动力。需求增强,但就业保持不变,结束了长达九个月的招聘增长势头。

A services PMI rose to 56.2 from 55.2, driving the majority of the acceleration in private-sector output. Demand strengthened but employment was unchanged - ending a nine-month hiring streak.

制造业产出略有上升,尽管招聘放缓将该行业的总体PMI从55.1拉低至54.9。

Manufacturing output edged higher although slower recruitment pulled the sector's headline PMI down to 54.9 from 55.1.

企业表示现有员工足以应对工作量,而整体积压订单以近六年半来的联合最快速度下降。

Companies said existing staffing was sufficient to handle workloads, while overall backlogs fell at the joint-fastest pace in nearly six-and-a-half years.

国际需求提供支撑,整体出口订单以六个月来最快速度扩张。但改善集中在商品生产商中,服务业外部需求增长放缓。

International demand provided support with overall export orders expanding at the fastest pace in six months. But the improvement was concentrated among goods producers as the growth in foreign requests for services weakened.

两个行业的价格压力均有所缓解。投入成本通胀降至近一年来最低,销售价格涨幅为去年3月以来最弱。商业信心恢复至5月以来最高,但仍低于今年平均水平。

Price pressures offered relief across both sectors. Input-cost inflation eased to its lowest in almost a year and selling-price increases were the weakest since March last year. Business confidence recovered to its highest since May but was below this year's average.

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