Key Points
Indias services sector ended 2023 on a high with activity expanding the fastest in three months in December..
HSBC India Services Purchasing Managers' Index compiled by S&P Global, rose to 59.0 in December from November's one-year low of 56.9, on the back of strong demand that spurred sales and fuelling business activity..
Job creation extended into the 19th successive month, while business optimism strengthened...
Indian service companies anticipate the robust demand to continue into 2024, bolstered by advertising and enhanced customer relationships, leading to optimistic output forecasts..
With reports of increased food prices and other inputs, the average cost of service firms continued to rise by the end of the third fiscal quarter...
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05, Oct, 23India's services sector showed strong growth in September, with the S&P Global India Services PMI Business Activity Index rising to 61, its highest level in over nine years. The increase in new business and output growth contributed to the positive sentiment. The survey also revealed that service firms are optimistic about market dynamics and expect buoyant demand in the coming months.
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