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New Delhi: Services PMI for July 2024: Every month a survey report is released regarding the growth of the service sector In this report, on the basis of the survey, it is told how the service sector growth is. The service sector growth survey report for the month of July has been released. According to the survey report, service sector growth in July has been slower than in June.
The seasonally adjusted HSBC India Services PMI index stood at 60.3 in July from 60.5 in June. However, the economy is still expanding. In PMI language , a reading above 50 indicates expansion and a reading below 50 indicates contraction.
A boost in recruitment
The PMI survey report said that service companies have boosted recruitment in July. The HSBC India Composite PMI Output Index fell by 2 points to 60.7 in July from 60.9 in June.
Let us tell you that this survey report is prepared on the basis of answers to questions sent to 400 service sector companies.
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