ServicesPre-market
India services sector growth slows to five-month low
pre-market1 source ↓written by the desknot a recommendation
- dropping
- 58.9
- in September
- 60.9
- neutral mark
- 50
India's services sector growth decelerated in October, with the HSBC India Services PMI dropping to 58.9 from 60.9 in September. This marks the slowest expansion since May, attributed to competitive pressures and heavy rains. Despite the decline, the index remains above the neutral mark of 50, indicating ongoing growth. 📉
Traders may watch for implications on economic sentiment as the PMI reflects broader economic conditions.
Not investment advice. For informational purposes only.