India services sector PMI drops to 17-month low
after close1 source ↓written by the desknot a recommendation
- in June
- 57.4
- in June
- 59.8
- neutral mark
- 50.0
India’s services sector expanded at its slowest pace in 17 months, with the HSBC PMI falling to 57.4 in June from 59.8 in May. Weak domestic demand and inflation pressures contributed to stagnant hiring and lower business confidence. Despite this, the index remains above the neutral mark of 50.0.
This decline may signal caution among traders as it reflects reduced client interest and challenging market conditions, potentially impacting overall economic sentiment.
Not investment advice. For informational purposes only.