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India Services PMI Revised Upward
Sentiment Analysis:
Published: 03 Jul 2024 12:06
The HSBC India Services PMI was revised higher to 60.5 in June 2024 from a flash reading of 60.4, and quickening from May's five-month low of 60.2 in the previous month, compared to forecasts of 60.6.
This marked the 35th consecutive month of growth in services activity, supported by a faster rise in new orders, with an unprecedented expansion in foreign sales.