The sector expanded faster in August, with employment growth strengthening, though new business remained subdued and the headline PMI stayed below its long-run average
Business activity strengthened in August as new orders rose faster and services hiring reached a 15-month high, while input cost inflation remained moderate and charge inflation quickened
The HSBC flash composite PMI rose to 54.6 from 54.3 in July, with stronger services offsetting manufacturing growth that slowed to its weakest pace in five years
Softer demand, fierce competition and postponed orders slowed services activity, though export orders, employment and profit margins showed some improvement during the month
India's services sector expanded in July, but activity and new business grew at their weakest pace since early 2022, even as exports and hiring remained resilient
The Services PMI rose to 59.8 in May from 58.8 in April, signalling the fastest expansion since November as firms reported stronger demand and softer price pressure
India's pvt sector activity remained firmly in expansion territory in May, though growth in new orders, exports, employment and business activity softened marginally, HSBC's flash PMI survey showed
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
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
India's private sector growth slows to its weakest pace since late 2022 as soft domestic demand and rising costs weigh, even as export orders hit a record high
While greater client enquiries and marketing efforts supported sales at some units, a few companies suggested that an increasingly competitive environment dampened growth
Growth in India's services sector accelerated in January as output, new orders and hiring picked up, though the PMI reading remained below the flash estimate, S&P Global data showed
