India’s services sector growth hits four-month high at 55.8 in October
- India’s services PMI rose to a four-month high of 55.8 in October, above the 50 mark that signals growth.
- Costs for service firms rose at their slowest pace since August 2020, more than six years ago.
- New export orders grew at their weakest pace since February 2023, HSBC’s Pranjul Bhandari said.
- The composite PMI rose to 56.2 from 55.9 on Wednesday, but employment growth hit a four-month low.
Source: aninews.in
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