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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 insight 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

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

India's March services growth moderated, inflation eased sharply: PMI data

The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell to 58.5 last month from 59.0 in February, but was higher than a preliminary estimate

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Updated On : 04 Apr 2025 | 11:17 AM IST

Softer increase in services sector activity slows flash PMI in March

The index compiled by S&P Global fell to 58.6 in March from February's final reading of 58.8

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Updated On : 25 Mar 2025 | 12:02 AM IST

Markets Today: February Services PMI; Trump tariffs; FIIs; Shreenath IPO

Stock Markets Today: As of 6:31 AM, GIFT Nifty Futures were down 54 points at 22,137, hinting at a negative start.

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Updated On : 05 Mar 2025 | 7:41 AM IST

Markets Today: Services PMI; MPC; Trump-China news; Swiggy, Titan Q3; IPO

At 6:33 AM, GIFT Nifty futures were up 71 points at 23,856, signaling a higher start for Indian markets

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Updated On : 05 Feb 2025 | 7:45 AM IST

Economic Survey 2024-25: Services, debt improve external situation

Unemployment rates in urban and rural areas have declined

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Updated On : 01 Feb 2025 | 12:31 AM IST

Demand buoyancy pushes services PMI to 4-month high of 59.3 in December

The higher demand supported output growth and prompted firms to recruit additional workers

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Updated On : 06 Jan 2025 | 11:31 PM IST

Euro zone economy ended 2024 in fragile state as activity contracted: PMI

Headline index was boosted by the bloc's dominant services sector, whose PMI bounced back above breakeven to 51.6 from November's 49.5, but was weighed down by a sharper decline in factory activity

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Updated On : 06 Jan 2025 | 2:53 PM IST

India's services PMI hits 59.3 in December, ending 2024 on a high note

Services PMI December 2024: Underlying demand identified as the primary factor behind output growth, says HSBC India Services PMI, compiled by S&P Global

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Updated On : 06 Jan 2025 | 10:32 AM IST

Services PMI falls marginally to 58.4 in Nov, job creation improves

Business confidence leads to 'hiring surge' as input costs rise to the 'greatest extent' in 15 months

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Updated On : 04 Dec 2024 | 11:33 AM IST