03.07.202605:07:42UTC+00India Services PMI Revised Slightly Upward

The HSBC India Services PMI for June 2026 was revised slightly upward to 57.4 from the preliminary estimate of 57.3, but remained below May’s six-month high of 58.9, which had marked the strongest expansion in half a year. Despite the upward revision, the latest reading pointed to the weakest pace of growth since January 2025, reflecting a slower rise in business activity, while growth in new orders eased to its slowest rate in more than two and a half years. In contrast, foreign sales increased at the fastest pace in three months. Employment fell following robust job creation in April and May.

On the cost front, input prices continued to climb, driven by higher electricity, food, fuel, and transportation expenses. Even so, the rate of input cost inflation moderated to a five-month low. Meanwhile, output price inflation remained subdued—below its long-run average and at its weakest level since November 2025. Looking ahead, business confidence weakened.