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India’s services PMI rises to four-month high of 55.8 in October, but hiring slows

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India’s services PMI rises to four-month high of 55.8 in October, but hiring slows
Photo / Coverage: The Hindu Business Line
EXECUTIVE SUMMARY

India’s service providers reported stronger domestic demand and lower cost pressures, while subdued export orders and slower recruitment tempered business optimism.

Key Takeaways

  • India’s services PMI rises to four-month high of 55.8 in October, but hiring slows.
  • India’s service providers reported stronger domestic demand and lower cost pressures, while subdued export orders and slower recruitment tempered business optimism.
  • India’s service providers reported stronger domestic demand and lower cost pressures, while subdued export orders and slower recruitment tempered business optimism.

India’s service providers reported stronger domestic demand and lower cost pressures, while subdued export orders and slower recruitment tempered business optimism.

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Published originally on The Hindu Business Line

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