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Image Credit: Bloomberg Quint

HSBC India Services PMI Rises To A 10-Month High Of 60.4 In June

  • The HSBC India Services PMI Business Activity Index rose to a 10-month high of 60.4 in June, attributing this growth to positive demand trends and sales improvements.
  • The HSBC India Composite PMI Output Index also increased from 59.3 in May to 61.0, indicating the fastest rate of expansion in 14 months.
  • New orders expanded notably, with service companies benefiting from strength in the domestic market and increased new export business from Asian, Middle Eastern, and US markets.
  • Employment in the Indian service sector rose for the thirty-seventh consecutive month in June, with input cost inflation easing and outlook optimism sustained, although confidence levels slightly fell.

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