India Services PMI Revised Upward

2025-12-03 05:07 By Chusnul Chotimah 1 min. read

The HSBC India Services PMI was revised higher to 59.8 in November 2025, up from the preliminary estimate of 59.5 and from October’s five-month low of 58.9.

The faster expansion in the services sector was supported by stronger growth in new orders.

International sales continued to improve, although the rate of expansion slowed to an eight-month low.

Employment increased moderately, broadly in line with the pace seen over the previous two months.

On the price front, input costs rose due to higher electricity, food, and rent expenses.

However, input cost inflation eased to its lowest level since August 2020 and remained below its long-run average.

As a result, output price inflation accelerated only slightly, as firms sought to boost demand.

Looking ahead, business sentiment weakened amid concerns about competition and potential disruptions stemming from state assembly elections.



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