The Caixin survey showed that new business growth eased to a four-month low, while employment fell to the weakest since April 2024
Demand for services rose at the slowest pace in 14 months but remained sturdy
'Employment PMI suggested robust job creation in the manufacturing industry, as the index increased to its highest level since the series was created'
The index has been above the 50-mark separating expansion from contraction since July 2021
The index compiled by S&P Global fell to 57.9 in January from December's final reading of 59.2
Services PMI December 2024: Underlying demand identified as the primary factor behind output growth, says HSBC India Services PMI, compiled by S&P Global
The Institute for Supply Management (ISM) said on Friday that its manufacturing PMI increased to 49.3 last month, the highest reading since March, from 48.4 in November
Asia's third-largest economy grew a softer 5.4 per cent last quarter, but easing inflation is expected to spur demand among private sector firms
November Service PMI: The hiring surge was driven by improving business confidence, rising new orders, and strong international demand in the sector
Companies recruit extra workers to meet domestic and international demand
The survey also noted that new export orders exhibited stronger growth, following the weakest increase in a year and a half during September, with gains reported in new contracts
Index has been above the 50-level separating growth from contraction for 39 consecutive months
'Mild setback' in manufacturing growth across India, according to HSBC survey
The rise in employment in the service sector was the steepest since August 2022
Job creation in sector 'remains solid'; companies positive about economy
India August service PMI: The PMI climbed to 60.9 in August, fuelled by by increase in new domestic orders
Indian manufacturers registered softer increases in new business and output during August
Pace of expansion remains sharp and indicates strong demand and favourable market conditions, HSBC survey
The flash services PMI index rose to 60.4 this month from 60.3 in July, while a preliminary manufacturing PMI showed strong growth, albeit slightly weaker than last month
The world's second-biggest economy grew much more slowly than expected in the second quarter