Page 2 - India Services Pmi
India's services growth remains robust even as it slows a tad in July: PMI
While there was a slowdown in growth, business activity has remained above the neutral mark of 50.0
 "India's services growth remains robust even as it slows a tad in July: PMI")
India's economic activity expands in July, services PMI rises to 61.1
The indexes are based on preliminary survey results and are a signal of business confidence in the economy
 "India's economic activity expands in July, services PMI rises to 61.1")
June services PMI rises on back of new orders, international sales
'Staffing levels' increase at fastest pace since August 2022, according to survey
 "June services PMI rises on back of new orders, international sales")
May services growth cools to five-month low of 60.2 from April's 60.8: PMI
The final HSBC India Services purchasing managers' index, compiled by S&P Global, fell to 60.2 last month from April's 60.8, confounding a preliminary reading for a rise to 61.4
 "May services growth cools to five-month low of 60.2 from April's 60.8: PMI")
India's services PMI slides in April, remains robust due to strong demand
The headline Purchasing Managers' Index (PMI) figure, released by HSBC, slid to 60.8 in April from 61.2 recorded in March
 "India's services PMI slides in April, remains robust due to strong demand")
April services PMI softens to 60.8 but remains sturdy on robust demand
Favourable market conditions and buoyant demand pushed the new business sub-index to a three-month high, the third-highest in around 14 years
 "April services PMI softens to 60.8 but remains sturdy on robust demand")
Services PMI registers strongest growth in 13.5 yrs, rises to 61.2 in Mar
In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction
India's services PMI jumps to highest in six months at 61.8 in January
According to the HSBC India Services PMI, new business placed with Indian service providers increased at the fastest rate in six months during January
India's services growth at three-month high in Dec on buoyant demand: PMI
The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, rose sharply in December to 59.0 from November's one-year low of 56.9
 "India's services growth at three-month high in Dec on buoyant demand: PMI")
India's services PMI falls to 56.9 in November, lowest in 2023 so far
S&P Global said that the slowdown in services PMI was mainly owing to a slowdown in new orders as well as output across sectors
India's Oct services PMI falls to 58.4 vs 61 in Sept on rising inflation
In October, there were faster increases in input costs and output charges, with rates of inflation outpacing their respective long-run averages
 "India's Oct services PMI falls to 58.4 vs 61 in Sept on rising inflation")
Services sector in Sept sees strongest output in 13 years; PMI rises to 61
The latest data showed a substantial increase in new business placed with Indian service providers, one that was the second-fastest since June 2010
 "Services sector in Sept sees strongest output in 13 years; PMI rises to 61")
India's September services PMI hits 61 on positive demand environment
September's expansion in output was associated with effective marketing, favourable demand conditions and strong influxes of new business
August PMI services comes at 60.3 on strong order book; output elevated
Services firms indicated the sharpest upturn in new export business since S&P Global services PMI started in September 2014
 "August PMI services comes at 60.3 on strong order book; output elevated")
July Services PMI rises most since June 2010 on robust global demand
According to S&P, finance & insurance sector was the "brightest spot" regarding business activity and new orders, topping the growth rankings in both instances
 "July Services PMI rises most since June 2010 on robust global demand")
Services PMI growth declines to three-month low of 58.5 as inflation weighs
The headline figure has been expanding for 23 months on the trot since August 2021
India's services PMI falls to 58.5 in June, lowest in three months
Combined with manufacturing, output prices across the private sector increased at the sharpest pace in over a decade
Services PMI declines to 61.2 in May amid rising inflationary pressures
The companies the survey monitors reported that external demand for Indian services continued to improve in May, highlighted by a fourth successive rise in new export business
 "Services PMI declines to 61.2 in May amid rising inflationary pressures")
India's services PMI activity in Feb grows at its fastest pace in 12 years
The S&P Global India Services Purchasing Managers' Index rose from 57.2 in January to 59.4 in February, its highest since February 2011 and considerably above all forecasts
Dec services PMI at a 6-month high, thanks to stronger inflow of new biz
The headline figure has now been in the expansion zone for seventeen consecutive months since August 2021
 "Dec services PMI at a 6-month high, thanks to stronger inflow of new biz")
