hsbc services pmi

India's services sector started fiscal year 26 strongly, with April's PMI reaching 58.7, driven by increased demand and new orders. The finance and insurance sectors led growth, while new export orders surged, particularly from the US, Asia, Europe, and the Middle East. Although input prices rose moderately, firms increased selling prices.

India's private sector experienced robust expansion in April, reaching an eight-month high driven by strong demand and a surge in foreign orders, particularly for manufactured goods. The Composite PMI climbed to 60.0, signaling the strongest growth since August, with manufacturing hitting a one-year high. New export orders soared, boosting output and employment across both manufacturing and service sectors.

Stock market today: The NSE Nifty decreased by 81.55 points (0.33%) to 24,379.60. The BSE Sensex fell 155.77 points (0.19%) to close at 80,641.07, after dropping 315.81 points (0.39%) to 80,481.03 during the session.

Stock market today: The BSE Sensex advanced by 740 points whilst Nifty ended its 10-day decline on Wednesday, driven by value buying in utilities and power sectors, alongside positive global market trends.

The country's services sector output contracted in July for the first time since October 2011, providing more evidence of a deep slowdown and piling pressure on policymakers to take urgent measures to reverse the slowdown.

India's services sector grew at the fastest pace in the last three months during May, driven by robust growth in new orders and optimistic business outlook, says a HSBC survey.

India's services sector growth reached a four-month high in December due to strong demand and reduced inflationary pressures, as per an HSBC survey. The Services Business Activity Index rose to 59.3, reflecting robust new business inflows and continued job creation despite increased costs. Employment growth and positive business outlook persisted.

India's services sector activity contracted for the first time in 13 months in May, largely due to decline in new order flows amid competitive pressure and natural disasters, an HSBC survey said on Wednesday.

The services sector grew at its fastest pace in five months in January, driven by improvement in domestic demand and new businesses, according to the HSBC (PMI) data released here today.

Services sector contracted for the first time in 13 months in May as orders turned sluggish and companies raised prices, an HSBC survey showed on Wednesday, raising fresh concerns about the real economic growth at ground level.

India’s services sector grew at its fastest pace in three months in May on the back of new work and firms were optimistic about the business outlook in the months ahead, but price pressures remained strong, a survey showed on Tuesday.

Manufacturing and services sectors in India expanded at a faster rate than China's in May, an HSBC survey said.

Activity in India's services sector improved marginally in January but still remained in the "contraction zone" for the seventh month running, according to a private sector survey of purchasing managers.

India's services sector growth declined in November, the lowest pace in 13 months, as new business grew at a slower clip, says an HSBC survey.

India's business activity expanded at the fastest pace in four months in January on stronger demand, indicating that it is likely to maintain its position as the fastest-growing major economy. The HSBC's flash India Composite Purchasing Managers' Index reached its highest level since September, driven by stronger manufacturing output and more robust business services activity.

India's services industry exhibited rapid growth in March with the HSBC India Services Purchasing Managers' Index reaching 61.2, surpassing expectations. Economist Ines Lam highlighted robust demand driving increased sales and business activity.

Volatility is on the cards next week as stock markets take cues from the much-awaited RBI policy meet, developments in Parliament and economic indicators, including monthly auto sales, say experts.