• Thu. May 23rd, 2024

Services activity at 3-month high


Jan 6, 2024
Services activity at 3-month high


NEW DELHI: Activity in the country’s services sector rose to a three-month high in December on the back of strong demand, while business confidence remained robust and inflationary pressures were at their weakest in nearly three-and-half years, a survey showed on Friday.
Rising from 56.9 to 59 in December, the HSBC India Services PMI business activity index highlighted a sharp increase in output that was the most pronounced since September.The 50-point mark separates expansion from contraction. The survey is compiled from responses to questionnaires sent to a panel of around 400 service sector companies
The rise in total new business was supported by continued growth of international sales. Service providers noted higher demand from clients based in Australia, Canada, Europe, the Middle East and South America during December.


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