India Markit Oct services PMI 51.7 vs 50.7 prev

India Markit Oct PMI data comes out Nov 3

  • 4 months
  • composite 51.3 vs 51.1 prev
  • strengthening demand in the sector pvt
  • the higher price indicating higher inflation to come

Welcome news again for India after the drama of the GST-led retreat in these readings earlier in the year.
The Indian Services PMI is compiled by questionnaires sent to purchasing executives of around 350 private service sector companies. The group of experts has been carefully selected to accurately replicate the true structure of the services economy. The Index and the Services Business Activity Index, and is based on survey data collected from a representative panel of over 800 companies of the Indian manufacturing and services sectors.

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