From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)India’s services PMI rises to four-month high of 55.8 in October, but hiring slows
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.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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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
India’s service providers reported stronger domestic demand and lower cost pressures, while subdued export orders and slower recruitment tempered business optimism.
