NEW DELHI:
Output growth increased during the month as firms recruited additional workers, indicated an HSBC survey of 400 service providers.
The HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 59.3 in December, up from 58.4 in November, 58.5 in October, and 57.7 in September.
It has been above the 50-point threshold that distinguishes expansion from contraction for 41 straight months.
During December, there was a softer increase in cost burdens, though greater outlays on food, labour, and materials were reported as selling price inflation also eased during the month, the survey said.
This story is from the January 07, 2025 edition of Hindustan Times East UP.
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This story is from the January 07, 2025 edition of Hindustan Times East UP.
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