India Services PMI rises to 54.1 in August
The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 53.3 in July to 54.1 in August, as demand conditions remained supportive and new business inflows continued to rise. A reading above 50 signals expansion, indicating the services sector continued to grow during the month.
Nabka Insight
Services PMI is a key high-frequency indicator of economic momentum tracked in exams.
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- Indicator: HSBC India Services PMI Business Activity Index
- July reading: 53.3; August reading: 54.1
- Above 50 denotes expansion
- Supported by new business inflows
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