January events PMI hits a six-month high of 61.8

January events PMI hits a six-month high of 61.8

On January 24, the Indian services sector's January Flash General Managers' Index was announced. It showed a value of 61.2.

December 2023 saw a reading of 59.0 for the services sector's Purchasing Managers' Index, or PMI.

According to statistics published on February 5, services activity in India continued to grow in January, with the HSBC Purchasing Managers' Index (PMI) for the sector reaching a six-month high of 61.8.

The January Services PMI, at 61.8, is higher than the flash PMI of 61.2 that was published on January 24. It is also higher for the thirty-first straight month above the critical threshold of 50, which divides activity into expansion and contraction