Financial News: Indian Services Growth Remains Strong In February

Indian Services Growth Remains Strong In February

03/04/2026 - 01:42:00 (RTTNews)

(RTTNews) - India's service sector activity continued to expand strongly in February despite a slower rise in new orders along with a pickup in inflation, final data compiled by S&P Global showed on Tuesday.

The seasonally adjusted HSBC India Services PMI dropped slightly to 58.1 in February from 58.5 in January. Nonetheless, a score above 50.0 indicates expansion. The flash score was 58.4.

The growth in overall business activity was underpinned by efficiency gains, favorable underlying demand, rising sales, and tech projects, the survey said.

New orders logged a further sharp upturn in February, though the pace of growth eased to a 13-month low. Meanwhile, new export orders grew at the quickest pace in seven months amid more demand from Canada, Germany, mainland China, Singapore, the UAE, the UK, and the US.

On the price front, input price inflation accelerated to the highest level in two-and- a-half years, driven by higher costs for energy, labor, and commodities. Consequently, selling prices rose at the quickest pace in six months.

Looking ahead, Indian service providers remained confident about expected business activity over the next year, with the overall level of positive sentiment climbing to a one-year high.

The positive outlook was boosted by marketing initiatives and concerted efforts to broaden scope and presence across existing and new markets. Upgraded outlook forecasts encouraged companies to increase their workforce numbers in February.

The composite output index rose to 58.9 in February from 58.4 in January, indicating the fastest expansion in the Indian private sector in three months, buoyed by strong momentum in manufacturing.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Czech Economic Sentiment Rises To 5-month High (54 min(s), 31 sec(s) ago)
(RTTNews) - The Czech economic confidence improved further in March to the highest level in five m ...Full Story»

Finland Producer Price Inflation Rises; Jobless Rate Highest Since May 2020 (01 hr(s), 26 min(s), 31 sec(s) ago)
(RTTNews) - Finland's producer prices increased at a faster pace in February, and the unemploy ...Full Story»

Europe New Car Registrations Recover (02 hr(s), 12 min(s), 31 sec(s) ago)
(RTTNews) - Europe's new car registrations recovered in February driven by higher demand for b ...Full Story»

Indian Private Sector Logs Weakest Expansion Since October 2022 (03 hr(s), 06 min(s), 31 sec(s) ago)
(RTTNews) - India's private sector activity grew at the slowest pace in nearly three-and-a-hal ...Full Story»

Japan Private Sector Growth Softens (03 hr(s), 45 min(s), 31 sec(s) ago)
(RTTNews) - Japan's private sector growth cooled in March as growth trajectories slowed across ...Full Story»

European Economic News Preview: Eurozone Flash PMI Data Due (04 hr(s), 48 min(s), 31 sec(s) ago)
(RTTNews) - Flash Purchasing Managers' survey data from the euro area and the UK are the top e ...Full Story»

Japan Inflation Ebbs 0.2% In February (40 min(s), 29 sec(s) ago)
(RTTNews) - Consumer prices in Japan were down a seasonally adjusted 0.2 percent on month in Febru ...Full Story»

South Korea Producer Prices Climb 0.6% In February (36 min(s), 29 sec(s) ago)
(RTTNews) - Producer prices in South Korea were up a seasonally adjusted 0.6 percent on month in F ...Full Story»