Financial News: India Services Growth Improves In August

India Services Growth Improves In August

09/03/2026 - 04:24:00 (RTTNews)

(RTTNews) - India's services activity expanded at a faster pace in August amid favorable demand conditions, final data compiled by S&P Global showed on Thursday.

The seasonally adjusted HSBC India Services PMI rose to 54.1 in August from 53.3 in July. A score above 50.0 indicates expansion. The flash score was 54.5.

The growth in new orders accelerated on the back of stronger customer demand and marketing initiatives. However, the pace of increase was still the second-slowest in nearly four-and-a-half years due to challenging market conditions and weaker client interest in selected services.

New export business also logged solid growth in August amid more client interests from Australia, Brazil, Canada, Japan, Malaysia, Singapore, Sri Lanka, and the UAE.

Employment across India's service economy was marked and the strongest in fifteen months, linked to efforts to support customer service, sales, and digital operations.

On the price front, input cost inflation edged higher due to higher spending on digital platforms, electricity, inputs, labor, marketing, and regulatory requirements. As a result, selling prices inflation accelerated to the highest since March.

The composite output index remained stable at 54.3 in August, indicating that acceleration in growth of services activity offset a slowdown in manufacturing.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Australia Rate Decision On Tap For Tuesday (01 hr(s), 55 min(s), 01 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will wrap up its monetary policy meeting and then announ ...Full Story»

New Zealand Building Consents Sink 7.9% In September (02 hr(s), 36 min(s), 01 sec(s) ago)
(RTTNews) - The total number of building permits issued in New Zealand was down a seasonally adjus ...Full Story»

U.S. Construction Spending Unexpectedly Pulls Back Sharply In September (08 hr(s), 36 min(s), 01 sec(s) ago)
(RTTNews) - Construction spending in the U.S. unexpectedly pulled back sharply in the month of Sep ...Full Story»

U.S. Manufacturing Index Increases More Than Expected In October (08 hr(s), 41 min(s), 01 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Monday showing its reading on ...Full Story»

Greece Factory Growth Sustains In October (10 hr(s), 10 min(s), 01 sec(s) ago)
(RTTNews) - Greece's manufacturing sector logged a further improvement in operating conditions ...Full Story»

Poland Manufacturing Activity Stabilizes In October (11 hr(s), 09 min(s), 01 sec(s) ago)
(RTTNews) - Poland's manufacturing conditions remained stable in October, ending a period of d ...Full Story»

Turkish Manufacturing Downturn Deepens In October (12 hr(s), 12 min(s), 01 sec(s) ago)
(RTTNews) - The manufacturing activity in Turkey deteriorated at the fastest pace in four months i ...Full Story»

UK Manufacturing Growth Strongest In 5 Months (13 hr(s), 03 min(s), 01 sec(s) ago)
(RTTNews) - The UK manufacturing activity expanded the most in five months in October as output an ...Full Story»