India’s Activity Up in April Despite War Shock, Flash PMIs Show

India’s economic activity accelerated in April despite the Middle East war choking supplies of crude oil and gas, a flash survey by HSBC Holdings Plc showed Thursday.

The manufacturing purchasing managers’ index rose to 55.9 from 53.9 in March, while the services purchasing managers’ index rose to 57.9 from 57.5 last month. That lifted the composite index to 58.3 compared with 57.0 in March.