IND- Actual: -
- Previous: 58.5
- Consensus: -
- Impact:
Overview
The HSBC India Services PMI was revised lower to 58.5 in January 2026 from a preliminary estimate of 59.3. However, the latest figure remained above the December reading of 58.0, which marked the softest expansion in 11 months, supported by faster growth in output and new business. Rising new orders prompted service providers to resume hiring staff, though job creation increased only marginally. On the price front, input cost inflation accelerated to a four-month high, driven by higher prices for eggs, electronic items, meat, paper, parts, and vegetables. Meanwhile, selling prices rose at the fastest pace in three months, as firms sought to better balance cost pressures and profitability. Looking ahead, business sentiment improved to a three-month high, supported by optimistic forecasts for efficiency gains, marketing efforts, and new client wins.
Stats
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | |
|---|---|---|---|---|---|---|---|
| 60.40 | 60.30 | 62.3 | 5.4 | 2012-2024 | points | Monthly | - |
Historical data
| Date | Time | Reference | Last | Previous | Consensus |
|---|---|---|---|---|---|
| Sep 04, 2024 | 10:30 | HSBC Services PMI Final Aug | 60.9 | 60.3 | 60.4 |
| Aug 22, 2024 | 10:30 | HSBC Services PMI Flash Aug | 60.4 | 60.3 | - |
| Aug 05, 2024 | 10:30 | HSBC Services PMI Final Jul | 60.3 | 60.5 | 61.6 |
| Jul 24, 2024 | 10:30 | HSBC Services PMI Flash Jul | 61.1 | 60.5 | - |
| Jul 03, 2024 | 10:30 | HSBC Services PMI Final Jun | 60.5 | 60.2 | 60.6 |
| Jun 21, 2024 | 10:30 | HSBC Services PMI Flash Jun | 60.4 | 60.2 | 60 |
| Jun 05, 2024 | 10:30 | HSBC Services PMI Final May | 60.2 | 60.8 | 61.5 |
| May 23, 2024 | 10:30 | HSBC Services PMI Flash May | 61.4 | 60.8 | - |
| May 06, 2024 | 10:30 | HSBC Services PMI Final Apr | 60.8 | 61.2 | 61.7 |
| Apr 23, 2024 | 10:30 | HSBC Services PMI Flash Apr | 61.7 | 61.2 | - |
Major Indicators
- GDP Annual Growth Rate
- Interest Rate
- Inflation Rate
- Unemployment Rate
- Government Debt to GDP
- Current Account to GDP
- Current Account
- Manufacturing Production
- Manufacturing PMI
- Services PMI
- Exports
- Imports
- Consumer Confidence
- Foreign Direct Investment
- Balance of Trade
- Government Budget
- Business Confidence
GDP
- GDP Annual Growth Rate
- Full Year GDP Growth
- GDP from Mining
- GDP per Capita
- Gross Fixed Capital Formation
- GDP per Capita PPP
- GDP
- GDP Constant Prices
- GDP from Manufacturing
- GDP Growth Rate
- GDP from Agriculture
- GDP from Construction
- Gross National Product
- GDP from Public Administration
- GDP from Utilities
Labour
- Unemployment Rate
- Retirement Age Women
- Labor Force Participation Rate
- Minimum Wages
- Population
- Retirement Age Men
- Employment Rate
Government
- Corruption Rank
- Government Spending to GDP
- Fiscal Expenditure
- Government Debt to GDP
- Corruption Index
- Government Budget
- Government Spending
- Government Budget Value
- Government Revenues
- Military Expenditure
Prices
- Producer Price Inflation MoM
- Consumer Price Index CPI
- CPI Transportation
- Inflation Rate
- WPI Food Index YoY
- WPI Food YoY
- Producer Prices
- Import Prices
- Food Inflation
- GDP Deflator
- WPI Fuel YoY
- Export Prices
- Inflation Expectations
- CPI Housing Utilities
- WPI Manufacturing YoY
- Producer Prices Change
- Inflation Rate Mom
Money
- Loan Growth
- Central Bank Balance Sheet
- Cash Reserve Ratio
- Interest Rate
- Interbank Rate
- Reverse Repo Rate
- Money Supply M2
- Foreign Exchange Reserves
- Money Supply M3
- Money Supply M1
Trade
- Current Account to GDP
- Crude Oil Production
- Foreign Direct Investment
- Terrorism Index
- Auto Exports
- Capital Flows
- Imports
- Exports
- Balance of Trade
- Tourist Arrivals
- Weapons Sales
- Gold Reserves
- Terms of Trade
- Current Account
- Remittances
- External Debt
Business
- Manufacturing PMI
- Total Vehicle Sales
- Industrial Production Mom
- Business Confidence
- Capacity Utilization
- Manufacturing Production
- Corruption Index
- Steel Production
- Car Registrations
- Composite Leading Indicator
- Corruption Rank
- Industrial Production
- Changes in Inventories
- Composite PMI
- Deposit Growth
- Car Production
- Electricity Production
- Services PMI
- Mining Production
Housing
- Residential Property Prices
- Housing Index
- Construction Output
Taxes
- Social Security Rate
- Corporate Tax Rate
- Withholding Tax Rate
- Social Security Rate For Companies
- Personal Income Tax Rate
- Sales Tax Rate
- Social Security Rate For Employees
Consumer
- Consumer Confidence
- Bank Lending Rate
- Gasoline Prices
- Households Debt to GDP
- Disposable Personal Income
- Consumer Spending
Climate
- Precipitation
- Temperature
Health
- Coronavirus Deaths
- Hospital Beds
- Coronavirus Vaccination Rate
- Coronavirus Vaccination Total
- Coronavirus Cases