Indian HSBC Services PMI Final (Jan) 58.5 vs. Exp. 59.4 (Prev. 58.0)

Newsquawk Staff · 4 Feb 2026, 05:20 UTC

What it means

The final reading of the HSBC Services PMI for January at 58.5 came in slightly below expectations of 59.4, though it improved from the previous month's 58.0. This suggests a continued expansion in the services sector, but the miss vs. expectations may prompt some recalibration in growth outlooks, especially regarding monetary policy and potential rate movements in India.

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