India Markit Oct PMI data just out 3 Nov
- 4 month high
- composite 51.3 vs 51.1 prev
- strengthened demand in the pvt sector
- prices rising indicating higher inflation to come
Welcome news again for India after the dramatic GST-led retreat in these readings earlier in the year.
The Indian Services PMI is compiled by questionnaires sent to purchasing executives in around 350 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy. Index and the Services Business Activity Index, and is based on original survey data collected from a representative panel of over 800 companies based in the Indian manufacturing and service sectors.
