India’s services PMI rises to 6-month high in January on higher demand, new export sales
In January, India’s services sector reached a six-month peak, propelled by increased demand, improved productivity, and a rise in the intake of new projects, as per private survey data released on Monday. The HSBC India Services PMI climbed to 61.8, marking the most rapid expansion in six months, up from December’s.
India’s services activity inched up to a six month high in January driven by buoyancy in demand, productivity gains and rising intakes of new work, a private survey data showed on Monday.
India’s services activity measured by HSBC India Services PMI rose to 61.8 in January from 59 in December, the sharpest rate of expansion in six months. The final reading also beat a preliminary estimate of 61.2. With this, India’s services activity reading has remained over the 50-mark separating expansion from contraction for a 30th straight month.