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What is Services PMI?

Services PMI

About Services PMI

What is Services PMI?

In order to get an economic insight into a sector, the purchasing managers' index (PMI) provides an indicator based on surveys of businesses. The most common PMI surveys are the Manufacturing PMI and the Services PMI.
 
The IHS Markit India Services PMI is based on data compiled from questionnaires sent to purchasing executives in around 350 private service sector companies. The index tracks variables such as sales, employment, inventories, and prices.
The Services PMI provides advanced insights into the services sector, giving investors a better understanding of business conditions and valuable information about the economic backdrop of various markets.
 
Services PMI also provides
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Latest Updates on Services PMI

Weekly economy wrap: PMIs rebound, Cabinet push sharpens growth focus

Strong services activity, a manufacturing recovery and Cabinet approvals across rail, cotton, semiconductors and shipping shaped a week of growth signals and policy moves

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Updated On : 10 May 2026 | 12:53 PM IST

Services PMI recovers to 58.8 in April despite slowing export growth

Output and new order intakes recovered in April, with inflows of new work increasing to the greatest extent in five months

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Updated On : 06 May 2026 | 12:16 PM IST

China services activity grows at faster rate in April, shows private PMI

The RatingDog China General Services purchasing managers' index, compiled by S&P Global, rose to 52.6 in April from 52.1 in March, staying above the 50-mark that separates expansion from contraction

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Updated On : 06 May 2026 | 9:52 AM IST

April flash composite PMI at 58.3 as demand pushes manufacturing growth

The flash manufacturing PMI stood at 55.9 compared to 53.9 in March, while the services PMI came in at 57.9 versus 57.5 earlier

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Updated On : 23 Apr 2026 | 12:53 PM IST

Services PMI falls to 14-month low in March amid West Asia conflict

Growth momentum eased for a second month as output and sales slowed, while rising input costs and the West Asia crisis weighed on demand and business activity

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Updated On : 06 Apr 2026 | 10:25 PM IST

Services PMI hits 14-month low to 57.5 in March as cost pressures intensify

The Services PMI fell to 57.5 in March from 58.1 in February, marking the weakest expansion in 14 months, though it remained above the long-run average of 54.4

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Updated On : 06 Apr 2026 | 10:50 AM IST

February PMI services comes in at 58.1; new order growth at 13-month low

While greater client enquiries and marketing efforts supported sales at some units, a few companies suggested that an increasingly competitive environment dampened growth

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Updated On : 04 Mar 2026 | 11:13 PM IST

Services PMI rises to 58.5 in Jan 2026 as demand and hiring pick up

January services PMI: New orders increased faster in January after slowing at the end of 2025

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Updated On : 04 Feb 2026 | 10:34 AM IST

India's service sector growth plunges to 11-month low in December

The HSBC India Services Purchasing Managers' index (PMI) fell to 58 in December from 59.8 in November

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Updated On : 06 Jan 2026 | 10:54 PM IST

India's services PMI rises to 59.8 in Nov on 'historically sharp' expansion

November services PMI: Companies added more jobs in November, but the increase was mild and at a similar pace as compared to the last two months

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Updated On : 03 Dec 2025 | 10:35 AM IST

India's flash PMI falls to six-month low at 59.9 in Nov from 60.4 in Oct

November Flash PMI 2025: The overall growth remained strong, with the index staying well above the neutral mark

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Updated On : 21 Nov 2025 | 10:35 AM IST

India's services PMI eases to 58.9 in October as cost pressures cool

India's services PMI eased to 58.9 in October, marking the slowest expansion since May as competition and heavy rains weighed on growth, while cost pressures receded

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Updated On : 06 Nov 2025 | 11:00 AM IST

India's flash PMI falls to 59.9 in October from 61.0 in September

Flash PMI October 2025: New orders placed with private sector companies in India expanded in October, though the pace of growth slowed to its weakest in five months

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Updated On : 24 Oct 2025 | 10:37 AM IST

Softening in demand slows services sector in September, PMI falls to 60.9

Operating conditions across India's service economy remained favourable in September, with healthy demand trends underpinning further growth of total new orders, exports, employment, business activity

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Updated On : 06 Oct 2025 | 2:30 PM IST

China's services growth hits 14-month high in July on export demand: PMI

S&P Global China General Services PMI rose to 52.6 in July from 50.6 the previous month, marking the fastest pace since May last year

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Updated On : 05 Aug 2025 | 9:34 AM IST

Manufacturing gains push India's flash PMI to 60.7 in July, services dip

Flash HSBC India PMI signals expansion as manufacturing activity picks up climbing to 59.2 while India's services PMI eases to 59.8 in July

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Updated On : 24 Jul 2025 | 11:17 AM IST

June Services PMI touches 10-month high at 60.4 on sharp upturn in new biz

The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 58.8 in May to 60.4 in June, driven by sharp upturn in new business orders

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Updated On : 03 Jul 2025 | 11:29 AM IST

Services sector growth steady in May as export demand remains strong: PMI

Record hiring in sector as companies 'heavily increase' staff recruitment, says survey

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Updated On : 04 Jun 2025 | 11:22 PM IST

Services sector growth improves in April, helped by new orders: PMI

Companies report 'faster expansion' in employment to meet increased demand

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Updated On : 06 May 2025 | 4:27 PM IST

April composite PMI at 60 as biz growth hits 8-month high on export surge

Manufacturing PMI rose to a 1-year high of 58.4 in April; services hit 4-month peak at 59.1, signalling robust private sector growth and strong demand across both segments

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Updated On : 23 Apr 2025 | 10:49 AM IST