India Services Growth Hits 5-Month Low: HSBC PMI
India's dominant services sector experienced moderated growth in June as heavy rains and intense competition tempered expansion, according to latest HSBC PMI data.
India's dominant services sector experienced moderated growth in June as heavy rains and intense competition tempered expansion, according to latest HSBC PMI data.
India's services sector expansion slowed to a five-month low in October as torrential rains and intense competition impacted business activity, according to the latest PMI data.
Latest HSBC PMI data reveals contrasting trends in India's economy - services sector expansion moderates while manufacturing activity picks up pace in October.
India's dominant services industry showed moderated expansion in October 2024, with business activity and sales growing at a slower pace, though price pressures saw significant relief according to HSBC's latest PMI data.
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India's private sector activity expanded at a slower pace in June 2024, with HSBC Flash PMI falling to 60.3 from May's stellar 61.7. While manufacturing remains robust, services sector growth shows signs of cooling amid rising input costs.
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