India Services Growth at 3-Month High, but Quarter Weakest Since 2022, PMI Shows
The index rose to 55.2, but the July-September average was the weakest since early 2022 as export demand and hiring softened.
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India services growth at 3-month high, but quarter weakest ...
India services growth at 3-month high, but quarter weakest since 2022, PMI shows
BENGALURU, Oct 6 (Reuters) - India's dominant services industry expanded at its fastest pace in three months in September on stronger demand for financial, consumer and digital services, a survey showed on Tuesday, though quarterly growth was the wea...
India's services sector growth at 3-month high, but quarter weakest since 2022, PMI shows
India’s services sector expanded at its fastest pace in three months in September, with the HSBC Services PMI rising to 55.2 on stronger domestic demand. However, quarterly growth was the weakest since early 2022, reflecting softer hiring and exports. Manufacturing gains lifted the Composite PMI to 55.9, signalling a moderate recovery.
Indian services sector growth reached a three-month high in September. This was driven by strong domestic demand and new orders. Employment and exports also improved. Let's take a closer look.
India's services sector growth touches 3-month high in Sep on strong domestic demand: PMI - OrissaPOST
New Delhi: India’s services sector growth touched a three-month high in September, as new orders increased sharply, supported by strengthening domestic demand, a monthly report said Tuesday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 55.2 in September, from 54.1 in August, signalling the strongest upturn since June. The upturn in […]
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