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HSBC India Services PMI™ (with Composite PMI data)
Zone(s): India ¦ Sector(s): Economy (Services)
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.
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