Key Points
India's services activity picked up momentum in the last month of 2023 aided by demand buoyancy, strong job creation and strength in business optimism, a private survey showed on Friday...
The HSBC India Services Purchasing Managers' Index rose to 59.0 in December from November's one-year low of 56.9..
With this, India's services activity index has expanded for 29 straight months and is well above the 50-mark reading which separates growth from contraction...
"India's services sector ended the year on a high note, with an uptick in business activity, led by a three-month-high new orders index," said Pranjul Bhandari, chief India economist, HSBC...
Data released Wednesday showed that India's manufacturing sector index dipped to 54.9 in December but the strong services activity lifted the overall HSBC India Composite PMI Output Index to a three-month high of 58.5...
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Services growth hits 3-month high in December on strong demand
05, Jan, 24The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, rose sharply to 59.0, marking the 29th consecutive month of expansion.
India's services PMI surges at fastest rate since June 2010
03, May, 23The demand strength in India's services sector promoted the fastest increases in new business and output in close to 13 years, a private survey showed on Wednesday. Along with robust domestic demand, international demand was strong as the sub-index rose to a four-month peak and business optimism hit its highest since December. The input prices index was at a three-month high from a 2-1/2-year low in March and firms raised their charges at the fastest pace this year. The prices charged index rose to 53.5 from 52.4.
India's services sector grew at faster pace in Sept, optimism at 9-year high
05, Oct, 23Growth in India's dominant services industry accelerated in September as already robust demand strengthened, according to a survey that also showed businesses were the most optimistic in over nine years.
India’s November Services PMI at 1-year low, but outlook for business activity remains bright
05, Dec, 23India Business News: India's services sector, which contributes more than 50% to the country's GDP, expanded at a slower pace in November, according to a private survey. T
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03, Apr, 24China's services activity growth surged in March, indicating a slight economic recovery, but recruitment remains low due to persistent low demand.
India's services growth at 13-year high in July on strong demand
03, Aug, 23India's dominant services sector expanded at its fastest pace in 13 years last month as demand increased significantly despite elevated inflationary pressures, a business survey showed on Thursday.
India business growth at four-month high in January: PMI
24, Jan, 24India's business activity expanded at the fastest pace in four months in January, according to HSBC's flash India Composite Purchasing Managers' Index (PMI). The PMI rose to 61.0, its highest since September, indicating economic growth. The manufacturing PMI increased to 56.9, and the services industry PMI rose to 61.2, both showing accelerated activity.
India June services growth remained strong despite high price inflation
05, Jul, 23India's service sector growth weakened to a three-month low but remained resilient in June amid strong demand, according to a private business survey on Wednesday, despite prices rising at their quickest pace in nearly six years.
India's services PMI rises to 6-month high in January on higher demand, new export sales
05, Feb, 24In January, India's services sector reached a six-month peak, propelled by increased demand, improved productivity, and a rise in the intake of new projects, as per private survey data released on Monday. The HSBC India Services PMI climbed to 61.8, marking the most rapid expansion in six months, up from December's 59.