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August 03, 2023
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India PMI services 62.3 (consensus 58.0) in Jul-23



- India's PMI services index for July 2023 exceeded market expectations, reaching 62.3, indicating strong growth and increased business activity in the sector.
- The PMI services index's deviation of 3.98 points above the one-year average signifies a substantial acceleration in the sector's growth rate, reflecting a positive trajectory for the services industry in India.
August 01, 2023
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India PMI manufacturing 57.7 (consensus 57.0) in Jul-23

- India's PMI manufacturing for July 2023 exceeded expectations, recording a reading of 57.7, indicating a solid expansion in the sector.
- Despite being the lowest level since April 2023, the PMI manufacturing reading remains 1.15 points above the one-year average, suggesting overall strength in the sector.

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