Indian HSBC Services PMI Final (Feb) 58.1 vs. Exp. 58.6 (Prev. 58.5)
Newsquawk Staff ·
Indian HSBC Services PMI Final (Feb) 58.1 vs. Exp. 58.6 (Prev. 58.5)
What it means
The Indian HSBC Services PMI for February came in at 58.1, slightly below expectations of 58.6 and just above the previous month's 58.5. While the print remains in expansion territory, the miss could indicate a potential slowdown in service sector growth, which may have implications for overall economic activity and policy considerations moving forward.
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