New data HSBC Services PMI (Jan)
2/5/2025
actual 56.5, previous 59.3
The event is the HSBC Services PMI (Purchasing Managers' Index) for India in January 2025. The actual PMI value reported is 56.5, which is a decrease of 2.8 points from the previous value of 59.3. The estimated value was 57.6, so the actual value came in lower than expected.This event is categorized as having a low impact on the market. The Services PMI is an indicator of the economic health of the services sector in India. A PMI value above 50 indicates expansion, so the reported value of 56.5 still suggests growth in the services sector, albeit at a slightly slower pace compared to the previous month.
This is not investment advice. Remember to verify the information provided here.
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