Wire flash
India's September Services PMI Flash Rises to 55.8, Beating Expectations
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India's services sector activity expanded at a faster pace in September, according to the flash Purchasing Managers' Index (PMI) released by financial data provider Jin10. The September services PMI flash reading came in at 55.8, surpassing both the forecast of 54.4 and the previous month's final reading of 54.1. A PMI reading above 50 indicates expansion in the sector. The data suggests continued robust growth in India's services industry, which is a key driver of the country's economy. The stronger-than-expected figure may influence expectations for the Reserve Bank of India's monetary policy stance, though the report does not provide details on sub-components such as new orders, employment, or business confidence.
Source report
India's services sector Purchasing Managers' Index (PMI) for September came in at 55.8, surpassing market expectations.
- Actual: 55.8
- Expected: 54.4
- Previous: 54.1
The reading indicates continued expansion in the services sector, with the latest figure exceeding both the forecast and the prior month's level.
Source
金十数据Neutral / independent