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Services activity hits a 3-month high in May
Hindustan Times Jammu
|June 05, 2025
India's services sector output rose to a three-month high in May, driven by strong export growth, even as the pace of new business and activity remained largely unchanged from levels in the previous three months.
NEW DELHI:
The seasonally adjusted HSBC India Services PMI Business Activity Index, compiled by S&P Global, edged up to 58.8 in May from 58.7 in April and 58.5 in March, staying well above the 50-mark that indicates expansion. However, it was still below February's 59.
It said employment rose by a record, without giving figures, as companies scaled up operations to match sustained growth in sales. Both input costs and output charges rose above their historical averages, it added.
Diese Geschichte stammt aus der June 05, 2025-Ausgabe von Hindustan Times Jammu.
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