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via thehindubusinessline.comEconomy

India services PMI rises to 55.8 in October as hiring slows

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

India's services PMI rose to 55.8 in October, a four-month high, but employment growth slowed and export orders recorded their weakest expansion since February 2023.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA higher services PMI supports India's economy, but slowing hiring and weak export orders offset part of the gain.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01India's services PMI rose to 55.8 in October, a four-month high.
  2. 02Employment growth slowed during the month.
  3. 03Export orders recorded their weakest expansion since February 2023.

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