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India's July services PMI posts weakest growth in over four years

Reuters ·

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  1. 1Growth in India's key services sector slowed in July to its weakest pace in more than four years.
  2. 2The HSBC India Services PMI plunged from 57.4 in June to 53.3 in July, with new orders also hitting their weakest level in four and a half years.
  3. 3The composite PMI fell to 54.3, its lowest since March 2022, pointing to a broad-based loss of momentum across the private sector.

This 3-line summary is compiled from the report below.

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