India’s services sector growth slows in October
after close1 source ↓written by the desknot a recommendation
- falling
- 58.9
- in September
- 60.9
- slowest rate
- 14 months
India’s services sector growth moderated in October, with the HSBC PMI falling to 58.9 from 60.9 in September. This marks the slowest expansion pace in five months. Despite strong demand and GST reforms, competitive pressures and heavy rains impacted momentum. Input costs rose at the slowest rate in 14 months, easing pressure on firms.
Not investment advice. For informational purposes only.