India Services PMI Sep: Slower, Positive

  Published 9 months ago

India's service sector saw solid September growth, yet PMI momentum slowed and export orders weakened.

  • HSBC Services PMI fell to 60.9 from 62.9, indicating reduced but still strong expansion overall.
  • Export sales grew the slowest since March, pressured by lower-priced foreign service competition and weaker demand.
  • Costs rose modestly; charge inflation slowed, while business confidence hit a six-month high, supporting the outlook future.

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