DEMAND BUOYANCY CONTINUED to drive new business inflows higher during December, which in turn supported output growth and prompted firms to recruit additional workers. According to S&P Global, the HSBC India services PMI rose to a four-month high of 59.3 in December from 58.4 the previous month.
Buoyant underlying demand was identified by companies as the primary factor behind output growth. Not only did new orders increase for the forty-first month in a row, but also to the greatest extent since August 2024, said S&P Global. "In some instances, survey members indicated that recent efforts to expand capacities allowed them to accept more work," it said.
This story is from the January 07, 2025 edition of Financial Express Delhi.
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This story is from the January 07, 2025 edition of Financial Express Delhi.
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