Key Points
A strong demand from both international and domestic markets spurred service sector activity to a three-month high in December, according to a private survey released Friday...
The HSBC India Services PMI survey, conducted by S&P Global, ended 2023 at 59, higher than the previous months reading of 56.9, while also raising optimism about the year-ahead...
Indias 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...
Services firms in India expect the strong demand momentum to carry forward to 2024 which, coupled with advertising and better customer relationships, underpinned upbeat forecasts for output, said the press release...
Much like the manufacturing firms, pricing power for service sector companies also improved in December, with input inflation at its lowest level in nearly three and a half years and output inflation rising faster...
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