India Services PMI rises to five-month high of 58.8
after close1 source ↓written by the desknot a recommendation
- climbing
- 58.8
- in March
- 57.5
India’s private services sector expanded significantly in April, with the Purchasing Managers’ Index (PMI) climbing to 58.8, up from 57.5 in March. This growth is attributed to strong domestic demand, despite a decline in export orders. The data indicates a shift towards domestic consumption amid geopolitical uncertainties, suggesting potential resilience in the services sector.
Not investment advice. For informational purposes only.