The flash Composite PMI, which combines both sectors, also declined, indicating a slight slowdown in overall business activity. (Photo source: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

India’s services sectors showed signs of moderation in October, according to Flash HSBC India Composite PMI. The HSBC India Services PMI eased to five-month low of 58.9 from 60.9 in September, while the Composite index slipped to 60.4 from 61.

It is the first time since June that the HSBC Services PMI slipped below the 60 mark. In addition, this will mark the third instance this year that it fell below this mark. In comparison the services index was at 58.5 in the same month last year.

In contrast the HSBC Manufacturing PMI rose to 59.2 in October from 57.7 in September, dri

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