Financial News: India Services Growth Strongest In 10 Months

India Services Growth Strongest In 10 Months

07/03/2025 - 02:51:00 (RTTNews)

(RTTNews) - India's service sector growth accelerated to a nearly 1-year high in June amid faster rises in output and new orders, final data compiled by S&P Global showed on Thursday.

The seasonally adjusted HSBC India Services PMI rose to 60.4 in June from 58.8 in May. The flash score was 60.7. A score above 50.0 indicates expansion.

The survey revealed that both output and new orders grew at the fastest rates since August last year, supported by another strong expansion in international sales and job creation. Export demand particularly improved from the Asian, Middle Eastern, and US markets.

On the price front, input price inflation eased to a ten-month low, and output price inflation also moderated since May, though it remained above the series trend.

Indian service sector companies faced a mild intensification of capacity pressures in June as outstanding business volumes rose faster compared to the previous month.

The composite output index also climbed to 61.0 in June from 59.3 in May, indicating the fastest rate of expansion in the Indian private sector in fourteen months. Growth quickened atboth manufacturers and service providers.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Reaches Five-Month High In July (01 hr(s), 13 min(s), 08 sec(s) ago)
(RTTNews) - After reporting a substantial rebound by U.S. consumer sentiment in the previous month ...Full Story»

U.S. Housing Starts Rebound More Than Expected In June (02 hr(s), 12 min(s), 08 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

U.S. Housing Starts Surge 4.6% In June, More Than Expected (03 hr(s), 18 min(s), 08 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by more than expected in the month ...Full Story»

Italy Current Account Surplus Grows In May (05 hr(s), 21 min(s), 08 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in May from the previous year, the Bank ...Full Story»

Eurozone Construction Output Falls 1.7% (05 hr(s), 42 min(s), 08 sec(s) ago)
(RTTNews) - Eurozone construction output declined at the fastest pace in nearly two-and-a-half yea ...Full Story»

Eurozone Current Account Surplus Surges (05 hr(s), 56 min(s), 08 sec(s) ago)
(RTTNews) - The euro area current account surplus increased sharply in May largely due to the rise ...Full Story»

Italy Construction Output Falls 1.4% (07 hr(s), 38 min(s), 08 sec(s) ago)
(RTTNews) - Italy's construction output decreased in May after recovering in the previous mont ...Full Story»

Malaysia GDP Growth Improves In Q2 (08 hr(s), 19 min(s), 08 sec(s) ago)
(RTTNews) - Malaysia's economic growth improved in the second quarter driven by strong domesti ...Full Story»