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Services activity hits a 3-month high in May
Hindustan Times West UP
|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.
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