India's Service Sector Shows Signs of Growth -- Market Talk

Dow Jones11-06 17:28

0928 GMT - Indian service providers' performance appears to have picked up in October, PMI data show. The HSBC India services PMI, compiled by S&P Global, rose to 58.5 in October from a 10-month low in September, driven by sharper expansions in output and new business. Survey data indicate growing consumer demand, with job creation reaching a 26-month high, says Pranjul Bhandari, chief India economist at HSBC. While input price inflation picked up due to higher food and wage costs, the overall inflation trend remains below the long-term average, Bhandari notes. Meanwhile, business sentiment stayed positive in October, despite slightly slowing compared to September, Bhandari notes, adding that data suggested a broadly positive outlook for the rest of the year. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

November 06, 2024 04:28 ET (09:28 GMT)

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The HSBC India services PMI, compiled by S&P Global, rose to 58.5 in October from a 10-month low ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481622113","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481622113","pubTimestamp":1730885280,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0928 GMT - Indian service providers' performance appears to have picked up in October, PMI data show. 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