From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)Services growth hits 4-month high as domestic demand improves: PMI
What's behind this
In October, India’s services sector recorded its strongest expansion in four months, with the PMI index rising to 55.8. The growth was driven by buoyant demand, higher business activity and new orders, while cost pressures eased. Companies expressed cautious optimism about the outlook.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
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center · 2 outlets
India's services sector activity expanded at its fastest pace in four months in October, with the HSBC India Services Purchasing Managers' Index (PMI) rising to 55.8 from 55.2 in September, while input cost inflation eased to its lowest level in more than six years, according to data released by S&P…
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right · 2 outlets
New Delhi, Nov 4 (IANS) Demand buoyancy fuelled growth of business activity and new orders across India's service economy in the month of October, as HSBC PMI came at 55.8 on Wednesday, rising from 55.2 in September which is the strongest pace of growth for four months. The Services PMI was…
— ABP Live
RSS excerpt
New business increased at its fastest rate since June mainly because of strong domestic orders. However, international demand was muted, with growth in new export business matching its weakest pace in 45 months.
