FOREX TradingCharts.com

Financial News: India Services Growth Remains Strong In May

India Services Growth Remains Strong In May

06/04/2025 - 02:52:00 (RTTNews)

(RTTNews) - India's service sector activity expanded at a broadly steady pace in May on the back of robust international demand, final data compiled by S&P Global showed on Wednesday.

The seasonally adjusted HSBC India Services PMI rose marginally to 58.8 in May from 58.7 in April. The flash score was 61.2. A score above 50.0 indicates expansion.

The survey revealed that the sustained growth in May was underpinned by healthy demand conditions, new client wins, and greater staffing capacity.

New orders grew at a sharp pace amid fruitful advertising, demand strength, and repeat orders from existing clients. There was a near-record improvement in foreign demand for services amid higher demand from Asia, Europe, and North America in particular.

In line with rising new orders, Indian service providers continued to add workforce numbers, with the overall rate of job creation being the strongest in the survey history.

On the price front, input price inflation rose to the highest level this year so far, linked to higher costs for cooking oil, material, and meat. As a result, the rate of charge inflation remained historically elevated.

Looking ahead, service providers expressed a recovery in the overall level of confidence amid expectations that greater staffing capacity, expanded clientele, and marketing initiatives will support activity growth in the year ahead.

The composite output index dropped to 59.3 in May from 59.7 in April, indicating a further sharp upturn in India's private sector economy.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Eurozone Consumer Confidence Unexpectedly Erodes In June (33 min(s), 56 sec(s) ago)
(RTTNews) - Euro area consumer sentiment deteriorated unexpectedly in June following a strong impr ...Full Story»

Croatia Jobless Rate Eases To 4.1% (59 min(s), 56 sec(s) ago)
(RTTNews) - Unemployment in Croatia dropped further in May amid increases in the labor force as we ...Full Story»

Philly Fed Index Unexpectedly Unchanged In June (56 min(s), 56 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Friday said regional ...Full Story»

French Manufacturing Sentiment Weakens In June (41 min(s), 56 sec(s) ago)
(RTTNews) - French manufacturing confidence weakened slightly in June, largely reflecting the dete ...Full Story»

UK Retail Sales Fall Most Since Late 2023; Consumer Confidence Improves (16 min(s), 56 sec(s) ago)
(RTTNews) - UK retail sales declined more than expected in May as food store sales declined sharpl ...Full Story»

Japan Core Inflation Accelerates More Than Forecast (37 min(s), 56 sec(s) ago)
(RTTNews) - Japan's core inflation accelerated more than expected to a more than two-year high ...Full Story»

UK Budget Deficit Widens In May (04 sec(s) ago)
(RTTNews) - UK public sector net borrowing increased in May despite an increase in government rece ...Full Story»

German Producer Prices Fall Most In 8 Months (25 min(s), 04 sec(s) ago)
(RTTNews) - Germany's producer prices declined at the fastest pace in eight months in May, Des ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Eurozone Consumer Confidence Unexpectedly Erodes In June

06/20/2025 - 13:16 PM (RTTNews)
(RTTNews) - Euro area consumer sentiment deteriorated unexpectedly in June following a strong impr ...Full Story>>

Croatia Jobless Rate Eases To 4.1%

06/20/2025 - 12:42 PM (RTTNews)
(RTTNews) - Unemployment in Croatia dropped further in May amid increases in the labor force as we ...Full Story>>

Philly Fed Index Unexpectedly Unchanged In June

06/20/2025 - 08:39 AM (RTTNews)
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Friday said regional ...Full Story>>

French Manufacturing Sentiment Weakens In June

06/20/2025 - 06:24 AM (RTTNews)
(RTTNews) - French manufacturing confidence weakened slightly in June, largely reflecting the dete ...Full Story>>

UK Retail Sales Fall Most Since Late 2023; Consumer Confidence Improves

06/20/2025 - 05:59 AM (RTTNews)
(RTTNews) - UK retail sales declined more than expected in May as food store sales declined sharpl ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.