2026.02.0405:05:09UTC+00India Services PMI Revised Downward

In January 2026, the HSBC India Services PMI experienced a revision to 58.5, down from its initial estimate of 59.3. This came after the December 2025 figure, which was a final reading of 58.0, signifying the slowest expansion in nearly a year. The growth in the services sector was bolstered by quicker increases in both output and new business. The rise in new orders encouraged service providers to hire more staff, albeit the rate of job creation was only slightly higher. Regarding costs, input cost inflation reached a four-month peak, influenced by elevated prices for items such as eggs, electronics, meat, paper, parts, and vegetables. Concurrently, selling prices hiked at their fastest in three months, as companies aimed to balance cost pressures with maintaining profitability. As for future expectations, business optimism hit a three-month high, spurred by positive projections for efficiency improvements, marketing activities, and acquiring new clients.