ServicesAfter close
India Services PMI rises to 59.8 on strong domestic demand
after close1 source ↓written by the desknot a recommendation
- in October
- 58.9
India’s services sector showed robust growth in November, with the PMI rising to 59.8, up from 58.9 in October. This surge signals a strong expansion in output, driven by robust new business intakes. However, export sales growth fell to an eight-month low due to increased global competition. 📈
The PMI reading above 50 indicates continued economic expansion, which may boost market sentiment in the services sector.
Not investment advice. For informational purposes only.