FX.co ★ India Services PMI Revised Downward

The HSBC India Services PMI for August 2025 has been adjusted downward to 62.5, a decrease from the initial estimation of 65.6 and below the market forecast of 65. Despite this revision, the figure is still an improvement over July's final reading of 60.5, representing the most robust growth since June 2010. This expansion is attributed to a significant rise in both new orders and output, each achieving the fastest growth since mid-2010. Additionally, foreign sales have shown remarkable growth, marking the third-highest increase since the series began in September 2014.