SERVICES GROWTH
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Private sector activity rises to highest level in nearly 14 years
India's private sector activity surged to a 14-year high, driven by strong demand, according to preliminary data released by HSBC. The Flash India Composite PMI Output Index rose to 62.2 in April. Service growth accelerated, especially in international markets, while manufacturing remained steady. Optimism and improved margins were noted, but inflation remained above average
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At 56.9, India’s services sector growth drops to one-year low in November
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At 58.4, India’s services sector growth drops to seven-month low in October as demand cools
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At 61.0, India’s services sector witnessed robust growth in September
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India’s services PMI falls to 60.1 in August, overall conditions remain robust
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Weak manufacturing drags down Q3 GDP growth, oil inflation casts a shadow on future growth
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Services returns to expansion in Aug but job shedding continues
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February services activity rises fastest in a year, jobs fall further
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Services growth falters in December
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