SECTIONS India's services growth picks up; PMI shows Reuters · DistrictNews · 2026-09-03
HSBC's India Services Purchasing Managers' Index (PMI), compiled by S&P
HSBC's India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 54.1 in August from July's 53.3, but was slightly lower than a preliminary estimate of 54.5. A PMI above 50.0 signals expansion in activity. However, the headline reading was fractionally below its long-run average. New business - the survey's primary demand indicator - grew at the second-slowest pace in over four years.
Why it matters. Why it matters: HSBC's India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 54.1 in August from July's 53.3, but was slightly lower than a preliminary estimate of 54.5.
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