Composite PMI Output Index rose to 61.1 in July from 61.0 in June, its fastest pace since April 2024; but hiring growth weakens
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
The Indian services sector growth touched a ten-month high in June aided by robust expansion in international sales and job creation, amid positive demand trends and ongoing improvement in sales, a monthly survey said on Thursday. 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. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction. "The Services PMI business activity index was up to a ten-month high, led by a sharp rise in new domestic orders. New export orders also expanded, albeit at a softer pace. Margins improved, as the rise in input costs was below that seen for output charges," Pranjul Bhandari, Chief India Economist at HSBC, said. New orders expanded at the quickest rate since August 2024. Services companies benefited most from the continued strength of the domestic market, alongside a marked .
Services activity remained robust in May with PMI at 58.8 as exports surged and employment rose at the fastest pace on record despite mounting cost pressures
Sensex Today | Stock Market close, Wednesday, June 4, 2025: In the broader markets, Nifty Midcap100, and Nifty Smallcap100 indices settled with gains of 0.71 per cent and 0.79 per cent, respectively
New business - a key gauge for demand - expanded at a sharp pace in May, largely aligned with growth rates seen from February through April
India's private sector output expanded at the fastest rate in 13 months in May, with service providers reporting a 14-month high in activity amid strong new business inflows
Sensex Today | Stock Market Highlights on Thursday, May 22, 2025: In the broader basket, Nifty Midcap100 and Nifty Smallcap100 indices settled lower by 0.52 per cent and 0.26 per cent, respectively
Flash HSBC India PMI signals sharpest expansion in 13 months as services see robust growth and employment gains; input cost inflation at five-month high
Companies report 'faster expansion' in employment to meet increased demand
India April 2025 Services PMI: Composite PMI, which combines manufacturing and services PMI, improves to 59.7, up from 59.5 in March
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
Services sectors saw one of the sharpest increases in employment since records began in December 2005
Stock Markets Today: As of 6:31 AM, GIFT Nifty Futures were down 54 points at 22,137, hinting at a negative start.
Services sector's index climbed to 61.1 in February, its highest level since March of the previous year, compared to 56.5 in January
Overall new business continued to increase strongly as companies report rise in costs, it says
At 6:33 AM, GIFT Nifty futures were up 71 points at 23,856, signaling a higher start for Indian markets
Composite job creation reached an all-time high since the survey's inception in December 2005.
The higher demand supported output growth and prompted firms to recruit additional workers
Services PMI December 2024: Underlying demand identified as the primary factor behind output growth, says HSBC India Services PMI, compiled by S&P Global