India's services activity improves in October to 58.5
Wed, Nov 6, 2024 11:04 AM

India's services activity improves in October to 58.5

A Flip by Shubhangi Gupta
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India’s services activity improved to 58.5 in October from a 10-month low of 57.7 in September, data released on November 6 showed. HSBC India Services Business Activity Index dipped below 60 for the first time in nine months but stayed above the long-run average. A reading above 50 denotes expansion. Manufacturing activity also improved from its its lowest in months of 56.5 to 57.5 in October.

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