India Services Activity Gathers Pace Driven by New Businesses
- S&P Global India August services PMI at 57.2 vs 55.5 in July
- Input costs rise at the weakest pace in close to a year
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Activity in India’s dominant services sector gathered pace last month, driven by an upturn in business activity and the sharpest rise in employment in over 14 years amid easing cost pressures.
S&P Global India Purchasing Managers Index for services rose to 57.2 in August from a four-month low of 55.5 in July. A number above 50 shows expansion, while a print below that shows contraction in activity.