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HSBC India Services PMI™ (with Composite PMI data)

Zone(s): India ¦ Sector(s): Economy (Services)
[4 June 2014, Markit Economics] The latest HSBC India Services PMI™ (with Composite PMI data) shows that the private sector recovers in May, as output and new orders return to growth.

Summary
Up from 49.5 in April to 50.7 in May, the seasonally adjusted HSBC India Composite Output Index indicated growth of activity for the first time in three months. The rate of expansion was, however, slight overall and well below the series average.

Higher output was noted at manufacturing and services companies.

Read the full story at:
www.markiteconomics.com/Survey/PressRelease.mvc/362a0849086c433fad66d9c5451af11c