From Financialexpress · Khushboo Kumari · · 50s
India Services PMI Hits 4-Month High
India's services sector expands fastest in four months as demand improves.
In brief
India's services sector expands fastest in four months as demand improves. India's services PMI rose to 55.8 in October, hitting a four-month high as domestic demand strengthened. Originally reported by Financialexpress.
October services PMI hits 4-month high
India’s services PMI hit a four-month high of 55.8 in October as demand improved.
Demand drives services growth
New business orders grew fastest since June, supported by stronger demand and client wins.
Employment growth slows
Hiring slowed to weakest pace since June, with businesses managing existing workloads.
Input cost inflation falls
Input costs increased slowest pace since August 2020, offering inflation relief.
Composite PMI rises
Private sector output expanded fastest in four months, supported by services growth.
Business confidence weakens
Business sentiment declined below long-term average despite optimistic outlook.
The headline
India's services PMI rose to 55.8 in October, hitting a four-month high as domestic demand strengthened.
