India services pmi


India services pmi: 60.5 (0.5%)
Last Update: August 31, 2024

India services pmi closed down 60.5 as of August 31, 2024 from 60.2 from the previous month and 60.1 from last year.


India services pmi Analytics & Data




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India services pmi

DateValues
2024-08-31 60.5
2024-07-31 60.2
2024-06-30 60.2
2024-05-31 60.8
2024-04-30 60.8
2024-03-31 61.2
2024-02-29 60.6
2024-01-31 61.8
2023-12-31 59
2023-11-30 56.9
2023-10-31 58.4
2023-09-30 61
2023-08-31 60.1
2023-07-31 62.3
2023-06-30 58.5
2023-05-31 61.2
2023-04-30 62
2023-03-31 57.8
2023-02-28 59.4
2023-01-31 57.2
2022-12-31 58.5
2022-11-30 56.4
2022-10-31 55.1
2022-09-30 54.3

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India services pmi Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
services pmiin.servpmi60.560.201UPUP422024-08-31

India services pmi Factors

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India services pmi Historical Data

The MacroVar database offers free access to historical data for the India services pmi, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of India services pmi data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the India services pmi

The India Services PMI (Purchasing Managers' Index) is a key economic indicator that measures the performance of the services sector in India. It tracks the business activity, new orders, employment, and pricing trends in the services industry. A PMI reading above 50 indicates expansion in the sector, while a reading below 50 indicates contraction. The India Services PMI provides valuable insights into the health of the economy, as the services sector plays a significant role in India's GDP growth. Policymakers, investors, and businesses closely monitor the Services PMI to gauge the overall economic performance and make informed decisions.