India's services activity expanded at the fastest pace in six months, underpinned by continued growth in new business amid cooling inflationary pressures, final data compiled by S&P Global showed on Wednesday.
The seasonally adjusted HSBC India Services PMI climbed to 59.8 in May from 58.8 in April. A score above 50.0 indicates expansion. The flash score was 58.9.
The survey highlighted that output growth in May was boosted by healthy demand conditions, new client wins, and ongoing improvements in new business intakes, which grew at the fastest pace in six months.
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