Financial News: India Services Growth Eases In September

India Services Growth Eases In September

10/06/2025 - 02:59:00 (RTTNews)

(RTTNews) - India's service sector activity showed a loss in growth momentum but remained strong overall amid healthy demand trends, final data compiled by S&P Global showed on Monday.

The seasonally adjusted HSBC India Services PMI dropped to 60.9 in September from 62.9 in August. The flash score was 61.6. However, a score above 50.0 indicates expansion.

The latest rise in output was driven by demand buoyancy and new business gains, alongside tech investment and favorable public policies, the survey said.

New orders grew at a slower pace in September, reflecting softer improvements in international demand for Indian services as export orders rose at the weakest pace in six months.

The survey respondents revealed that there was a general lack of pressure on the capacity of service firms, and the employment increased at a modest pace.

On the price front, input price inflation eased, and the charge inflation was the slowest in six months.

Looking ahead, companies remained confident about growth prospects, with the overall level of positive sentiment reaching a six-month high.

The composite output index dropped to 61.0 in September from 63.2 in August, indicating the slowest rate of expansion in the Indian private sector in three months.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Russia Central Bank Cuts Rates For Fourth Policy Session (30 min(s), 57 sec(s) ago)
(RTTNews) - Russia's central bank unexpectedly reduced its key interest rate for the fourth po ...Full Story»

UK Car Production Plunges 27.1% In September: SMMT (05 min(s), 03 sec(s) ago)
(RTTNews) - UK car production declined sharply in September amid an unprecedented cyber incident, ...Full Story»

U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In October (45 min(s), 03 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Spain Jobless Rate Climbs In Q3 (01 hr(s), 20 min(s), 03 sec(s) ago)
(RTTNews) - Spain's unemployment rose slightly in the third quarter despite an increase in emp ...Full Story»

U.S. Consumer Prices Rise 0.3% In September, Slightly Less Than Expected (01 hr(s), 28 min(s), 03 sec(s) ago)
(RTTNews) - A closely watched report released by the Labor Department on Friday showed consumer pr ...Full Story»

Eurozone Private Sector Growth At 17-Month High (01 hr(s), 46 min(s), 03 sec(s) ago)
(RTTNews) - The euro area private sector growth accelerated to a 17-month high in October as new o ...Full Story»

Spain Producer Prices Rise 0.3% (01 hr(s), 48 min(s), 03 sec(s) ago)
(RTTNews) - Spain's producer prices increased in September after falling in the previous month ...Full Story»

Hong Kong Inflation Remains Stable At 1.1% (02 hr(s), 04 min(s), 03 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation held steady in September after rising slightl ...Full Story»