India's service sector activity logged a further sharp expansion in May amid favorable demand conditions despite rising inflationary pressures, the results of the purchasing managers' survey by S&P Global showed on Monday.
The services Purchasing Managers' Index, or PMI, dropped to 61.2 in May from 62.0 in April. Nonetheless, a score above 50 indicates expansion in the sector.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.