New data S&P Global Services PMI (Jan)
2/5/2025
actual 56.5, previous 59.3
The event is the S&P Global Services PMI (Purchasing Managers' Index) for India in January 2025. The actual PMI value reported is 56.5, which is lower than the previous value of 59.3. This indicates a decrease in the economic activity in the services sector compared to the previous period. The estimated value was 56.8, so the actual value came in slightly below expectations.Since the impact is categorized as "Low," the market reaction to this data release may be limited. However, a decrease of 4.722% from the previous value could still be a cause for some concern as it suggests a slowdown in the services sector. Traders and investors may use this information to assess the health of the Indian economy and make decisions regarding their investments in Indian assets.
This is not investment advice. Remember to verify the information provided here.
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