India HSBC PMI Composite Slips Marginally to 57.1 in June; Services PMI Ticks Higher to 57.4 1 hr ago
India's HSBC Composite PMI eased marginally to 57.1 in June from a previous reading of 57.4, reflecting a slight moderation in overall private sector activity. Simultaneously, the HSBC India Services PMI improved to 57.4 from 57.3, indicating a modest acceleration in services sector growth. Both indices remain comfortably above the 50-point expansion threshold, underscoring continued resilience in India's economic activity.
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