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INDIA: PMI Services Surprise to the Upside.

INDIA
IndiaGlobalEM BulletBulletAPACEmerging Market NewsRegion
  • India’s HSBC PMI Services for October printed at +58.5, from 57.9 for the prior month.
  • Following on from Monday’s PMI Manufacturing result of +57.5 this took the PMI Composite to +59.1, an increase from September’s +58.6.
  • Within the PMI Services Employment rose to 54.3 to mark the highest reading since August 2022.
  • The RBI has their last meeting for the year on December 06 and market expectations at present are they are on hold 
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  • India’s HSBC PMI Services for October printed at +58.5, from 57.9 for the prior month.
  • Following on from Monday’s PMI Manufacturing result of +57.5 this took the PMI Composite to +59.1, an increase from September’s +58.6.
  • Within the PMI Services Employment rose to 54.3 to mark the highest reading since August 2022.
  • The RBI has their last meeting for the year on December 06 and market expectations at present are they are on hold