India’s services sector growth eases in October
after close1 source ↓written by the desknot a recommendation
- falling
- 58.9
- in September
- 60.9
- neutral level
- 50
India’s services sector growth slowed in October, with the HSBC India Services PMI falling to 58.9 from 60.9 in September. This marks the slowest growth since May, influenced by competitive pressures and heavy rains affecting output. Despite this, the PMI remains above the neutral level of 50, indicating ongoing sector resilience.
Not investment advice. For informational purposes only.