India's services growth accelerates to 55.8 in October, cost pressures ease to six-year low
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
India's services sector activity expanded at its fastest pace in four months in October, with the HSBC India Services Purchasing Managers' Index (PMI) rising to 55.8 from 55.2 in September, while input cost inflation eased to its lowest level in more than six years, according to…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong PMI data and easing inflation pressures support the Indian macro outlook.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The HSBC India Services PMI rose to 55.8 from 55.2 in September.
- 02Services activity expanded at its fastest pace in four months.
- 03Input cost inflation eased to its lowest level in more than six years.