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Jan services growth slows as new biz intake eases
Hindustan Times West UP
|January 25, 2025
Slowdown in the services sector offset robust growth in mfg during the month
NEW DELHI: India's private sector began 2025 on a slower growth trajectory as momentum in the services sector eased and the pace of new business intake softened. Overall output grew at its slowest rate since November 2023, according to an HSBC flash survey.
The latest HSBC Flash PMI data, compiled by S&P Global, highlighted a slowdown in the services sector that offset robust growth in manufacturing during the month. Meanwhile, prices for goods and services rose sharply in January due to mounting cost pressures.
The HSBC Flash India Composite Output Index, which tracks monthly changes in combined output from manufacturing and services, fell from 59.2 in December to 57.9 in January, marking the slowest expansion in 14 months.
Cette histoire est tirée de l'édition January 25, 2025 de Hindustan Times West UP.
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