India services PMI rises to 55.8 in October as demand improves
In short
India’s services PMI rose to 55.8 in October from 55.2 in September. Stronger new business and domestic demand helped lift the number, while cost pressure eased to a six-year low.
But slower export orders and hiring suggest the recovery is not evenly strong.
What the reporting says
India’s services PMI rose to 55.8 in October from 55.2 in September, driven by stronger new business growth and solid domestic demand. The data also showed easing input cost inflation to a six-year low, while export orders and hiring slowed. The reading points to faster activity in services, even as some parts of the sector remained under pressure.
Why it matters
India’s services PMI rose to 55.8 in October from 55.2 in September, with stronger new business growth and strong domestic demand supporting the reading. Input cost inflation eased to a six-year low, but export orders and hiring slowed. The data suggests continued expansion in India’s services sector, while also showing mixed conditions for companies adding staff or relying on overseas demand.