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2026-11-05 19:12:26
[India's Services PMI Rises to Four-Month High in October] ⑴ The HSBC India Services PMI rose to 55.8 in October from 55.2 in September, a four-month high, driven by domestic demand and new orders. ⑵ Domestic demand was the core driver, with new orders and output accelerating across all four service sectors, with the financial and insurance industry leading the expansion. ⑶ Cost pressures eased significantly: input price increases hit a more than six-year low, and the rate of increase in end-product prices fell to its lowest level since June. ⑷ The composite PMI rose to 56.2 (previous value 55.9), and overall output also saw its strongest growth in four months.
