India Services PMI falls to 17-month low in June
pre-market1 source ↓written by the desknot a recommendation
- dropping
- 57.4
- 59.8
India’s services sector growth slowed significantly in June, with the HSBC India Services PMI dropping to 57.4 from 59.8 in May. Weak domestic demand and reduced client interest impacted sales and output growth. Despite this decline, the index remains above the neutral mark, indicating ongoing expansion, albeit at a slower pace.
Not investment advice. For informational purposes only.