Services activity hits four-month high
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«Forward-looking indicators such as new business and future activity suggested that the strong performance will likely continue in the near future,» said Ines Lam, economist at HSBC.
New orders rose for the 41st consecutive month in December, clocking the highest increase since August 2024, showed the HSBC India Services Business Activity Index report.
Sector-wise, finance and insurance recorded the largest increase in new orders and business activity, spurring new job creation. While employment growth slowed from November, it remained the strongest since data collection began in December 2005.
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