Tag
Services
5 articles
Recent data indicates a mixed economic picture for India. While the services sector demonstrated robust expansion in April, as evidenced by rising HSBC India Services PMI and Private Sector Composite PMI figures, earlier data reveals contractions in both services and manufacturing PMIs in March. Strong credit growth, particularly in the services and industrial sectors, suggests continued domestic demand, although export orders weakened due to geopolitical factors. Provisional data shows a rebound in services exports for March, following a decline in February, and RBI's upcoming SIOS survey will provide further insights into the outlook for the services and infrastructure sectors.
Japan May PMI Slows to 5‑Month Low
Japan's manufacturing PMI slipped to 54.5 in May, down from 55.1 in April, yet remained above the 50 growth threshold.
The services PMI fell to 50.0 in May, down from 51.0, ending a 13‑month streak of
HSBC India Services PMI Hits 58.8 in April
HSBC India Services PMI rose to 58.8 in April, marking the strongest expansion since November 2025 and a five-month high.
Domestic demand fueled growth with new orders accelerating, while export order
RBI March 2026 Bank Credit +15.9% YoY
Non‑food bank credit expanded 15.9% YoY in the fortnight ending 31 Mar 2026, versus 10.9% in the same period last year.
Credit to agriculture rose 15.7% YoY, industry 15.0% YoY, and services 19.0% YoY
India Services Trade March 2026
RBI released provisional March 2026 services trade data showing exports of $38.208 bn, up 7.2% YoY, and imports of $17.210 bn, down 1.6% YoY.
February 2026 services exports fell 9.7% YoY to $34.708 bn
India Private Sector Growth Accelerates in April
HSBC Flash India Composite PMI rose to 58.3 in April from 57.0 in March, indicating sharp private sector output growth acceleration.
Manufacturing led the resurgence with output index jumping to 59.1