Srvices PMI

Softer demand, fierce competition and postponed orders slowed services activity, though export orders, employment and profit margins showed some improvement during the month

The HSBC Flash India Composite PMI Output Index fell to 57.4 in June from 59.3 in May, as demand, hiring and business optimism softened across both key sectors

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

The HSBC India Services Purchasing Managers' index (PMI), compiled by S&P Global, fell to 58 in December from 59.8 in November

The growth pace was the fastest since May 2024, surpassing the 50-mark that separates expansion from contraction on a monthly basis

'Sharp expansion' in international sales show companies' focus on international business, says survey

To meet burgeoning demand targets, the company is banking on its Pune plant, which is set to commence operations by FY25

PMI in services rose to 52.6 in June from 49.6 in May, despite high-cost inflation