India’s services activity hit 10-month high in Jun

The HSBC India Services PMI Business Activity Index rose to 60.4 in June

- Rhik Kundu

India’s services sector output rose to a 10-month high in June, driven by sales, a rise in new order intakes, and an upturn in positive demand trends, according toa private survey released on Thursday.

The seasonally adjusted HSBC India Services PMI Business Activity Index, compiled by S&P Global, rose to 60.4 in June, up from 58.8 in May, 58.7 in April, and 58.5 in March, and well above the 50-mark indicating expansion.

The increase in export orders was among the strongest in the series’s history, while price pressures eased in June, with both input cost and output charge inflation softening since the previous month, the survey said.