India and UK Business Activity Surge

India's business activity reached a three-month high in July, driven by strong demand in the services and manufacturing sectors. HSBC's flash India composite PMI rose to 61.4 from 60.9 in June, indicating robust private sector growth. This expansion was led by the services sector, with its PMI hitting a four-month high of 61.1, while manufacturing also saw an uptick to 58.5. Job creation surged at the fastest rate in over 18 years, reflecting increased business optimism. However, input cost inflation continued to rise, prompting firms to increase sales prices. Similarly, the UK saw a rise in business activity with its PMI climbing to 52.7 from 52.3, supported by the fastest manufacturing growth in two years and easing inflation pressures.