PMI services growth hits ten-month low in September: Survey
India's dominant services sector growth remained robust but slackened to a 10-month low in September as demand slowed, an HSBC survey said on Friday.
India's dominant services sector growth remained robust but slackened to a 10-month low in September as demand slowed, an HSBC survey said on Friday.
The growth recorded in the Indian manufacturing sector slowed to an eight-month low in September.
India’s business growth in September 2024 has slowed to a nine-month low, signalling potential challenges for the economy as demand cools and input costs rise.
India’s services sector, which has assumed a key role in its economy, continues to demonstrate remarkable resilience, with growth accelerating to a five-month high in August.
India’s manufacturing sector, a key pillar of the nation’s economic growth, is showing signs of a slowdown, raising concerns about the trajectory of the broader economy.
Manufacturing activity eased to 58.1 in July from 58.3 a month back, as new orders and ouput growth slowed marginally, results of a HSBC survey showed.
China’s economic data paints a concerning picture for both its manufacturing and services sectors. The manufacturing PMI has remained at 49.5 for the second month in a row, indicating a persistent contraction.
The headline Purchasing Managers Index (PMI) figure released by HSBC on Monday said the index rose in June to 58.3 from 57.5 in May.
India's service sector continued to grow during February as positive demand trends supported sales and business activity, according to a recent survey.
The key highlights of this week are going to be the Interim budget, the US Federal policy decision and quarterly earnings.
