Indian services sector growth slows to 53.1 in July
pre-market1 source ↓written by the desknot a recommendation
- dropping
- 53.1
- in June
- 57.4
India's services sector growth decelerated sharply in July, with the HSBC India Services PMI dropping to 53.1 from 57.4 in June. This marks the weakest growth in two years, attributed to cooling domestic demand. Despite this, international orders and employment growth showed some resilience, while input cost inflation accelerated, driven by higher fuel and labor costs.
Not investment advice. For informational purposes only.