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Business
India's Services PMI Hits 55.8 in October, Highest in Four Months
✍️ Business Standard
🗓 05 Nov 2026, 05:43 AM
👁 19
The S&P Global Services Purchasing Managers' Index rose to 55.8 in October, marking a four‑month peak as input‑cost inflation slowed.
India's services sector showed renewed momentum in October, with the S&P Global Services Purchasing Managers' Index climbing to 55.8. The reading, above the 50‑point expansion threshold, represents the highest level recorded in the past four months.
The improvement was accompanied by a noticeable easing in cost inflation, as the input‑price sub‑index signalled slower growth in the prices of raw materials and services purchased by firms. Analysts attribute the moderation to lower energy costs and a gradual stabilization of wages.
Economists view the stronger PMI as a positive signal for overall economic growth, suggesting that demand for services remains robust while price pressures ease. The data may bolster confidence ahead of the upcoming fiscal and monetary policy reviews.
The improvement was accompanied by a noticeable easing in cost inflation, as the input‑price sub‑index signalled slower growth in the prices of raw materials and services purchased by firms. Analysts attribute the moderation to lower energy costs and a gradual stabilization of wages.
Economists view the stronger PMI as a positive signal for overall economic growth, suggesting that demand for services remains robust while price pressures ease. The data may bolster confidence ahead of the upcoming fiscal and monetary policy reviews.