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SURGE IN NEW WORK LIFTS INDIA'S SERVICE SECTOR PMI IN JUNE
The Business Guardian
|July 04, 2024
The HSBC PMI for India’s services sector rose to 60.5 in June, signalling sustained growth with a sharp increase in new orders and international sales, and the fastest staffing growth since August 2022
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India’s services sector witnessed a recovery in June, bouncing back from a five-month low in May. This resurgence was driven by a rise in new orders and an unprecedented expansion in international sales, as revealed by a recent business survey. The survey highlighted that companies were hiring at the fastest pace in nearly two years.
The headline Purchasing Managers’ Index (PMI) for the services sector, released by HSBC on Wednesday, increased to 60.5 in June from 60.2 in May. This marks a sustained period of growth, as the PMI has remained above the 50-mark threshold, which separates growth from contraction, for nearly three years.
Cette histoire est tirée de l'édition July 04, 2024 de The Business Guardian.
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