neutral
India’s services PMI eases to 58.9 in October, but remains well above neutral
India’s services sector growth slowed in October to a Purchasing Managers’ Index (PMI) reading of 58.9, compared with 60.9 in September. Although this is the weakest expansion pace in five months, the number is still comfortably above the neutral 50 mark, indicating ongoing healthy activity. Firms cited heavy rains and increased competition as growth inhibitors, while input‐cost inflation eased to its lowest in fourteen months. Economists noted the moderation suggests some cooling down but not a stall in India’s services momentum.
The data may influence the Reserve Bank of India’s near‐term policy stance amid inflation uncertainty.
neutral
India’s services PMI eases to 58.9 in October, but remains well above neutral
India’s services sector growth slowed in October to a Purchasing Managers’ Index (PMI) reading of 58.9, compared with 60.9 in September. Although this is the weakest expansion pace in five months, the number is still comfortably above the neutral 50 mark, indicating ongoing healthy activity. Firms cited heavy rains and increased competition as growth inhibitors, while input‐cost inflation eased to its lowest in fourteen months. Economists noted the moderation suggests some cooling down but not a stall in India’s services momentum.
The data may influence the Reserve Bank of India’s near‐term policy stance amid inflation uncertainty.
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India’s services PMI dipped to 58.9 in October—the weakest in five months—but remains firmly in expansion territory and signals healthy demand.
India’s services sector growth slowed in October to a Purchasing Managers’ Index (PMI) reading of 58.9, compared with 60.9 in September. Although this is the weakest expansion pace in five months, the number is still comfortably above the neutral 50 mark, indicating ongoing healthy activity. Firms cited heavy rains and increased competition as growth inhibitors, while input‐cost inflation eased to its lowest in fourteen months. Economists noted the moderation suggests some cooling down but not a stall in India’s services momentum.
The data may influence the Reserve Bank of India’s near‐term policy stance amid inflation uncertainty.
India’s services sector growth slowed in October to a Purchasing Managers’ Index (PMI) reading of 58.9, compared with 60.9 in September. Although this is the weakest expansion pace in five months, the number is still comfortably above the neutral 50 mark, indicating ongoing healthy activity. Firms cited heavy rains and increased competition as growth inhibitors, while input‐cost inflation eased to its lowest in fourteen months. Economists noted the moderation suggests some cooling down but not a stall in India’s services momentum.
The data may influence the Reserve Bank of India’s near‐term policy stance amid inflation uncertainty.
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services PMI
economy
services PMI
India
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inflation