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HSBC Services PMI

The Services Purchasing Managers Index (PMI), released on a monthly basis by S&P Global and HSBC Bank, is a leading indicator gauging business activity in India’s services sector. The data is derived from surveys of senior executives at private-sector companies. The index is a diffusion index calculated from a single question that asks for changes in the volume of business activity compared with one month previously. The index varies between 0 and 100, with levels of 50.0 signaling no change over the previous month. A reading above 50 indicates that the services economy is generally expanding, a bullish sign for the Indian Rupee (INR). Meanwhile, a reading below 50 signals that the services sector activity is generally declining, which is seen as bearish for INR.

Most recent - Thursday 4 April 2024 05:00

Previous
60.3
Forecast
60.6
Actual
61.2

Higher numbers than forecast tend to be bullish for INR/xxx pairs and bearish for xxx/INR pairs.

Next event - Tuesday 23 April 2024 05:00

Previous
61.2
Forecast
-
Actual
-

The typical/expected impact on INR pairs is medium.

There is no forecast value for HSBC Services PMI yet - check back for updates.

Trading range

Announcement history

The most recent announced value for HSBC Services PMI was 61.2 against a forecast of 60.6.

Past events

Date
Forecast
Actual
Thursday 4 April 2024 05:00
60.6
61.2
Thursday 21 March 2024 05:00
-
60.3
Tuesday 5 March 2024 05:00
62
60.6
Thursday 22 February 2024 05:00
-
62
Monday 5 February 2024 05:00
-
61.8
Wednesday 24 January 2024 05:00
-
61.2
Friday 5 January 2024 05:00
-
59
Tuesday 5 December 2023 05:00
-
56.9
Friday 3 November 2023 05:00
-
58.4
Thursday 5 October 2023 05:00
-
61
Tuesday 5 September 2023 05:00
-
60.1
Thursday 3 August 2023 05:00
-
62.3
Wednesday 5 July 2023 05:00
-
58.5
Monday 5 June 2023 05:00
-
61.2
Wednesday 3 May 2023 05:00
-
62
Wednesday 5 April 2023 05:00
-
57.8
Friday 3 March 2023 05:00
-
59.4
Friday 3 February 2023 05:00
-
57.2
Wednesday 4 January 2023 05:00
-
58.5
Monday 5 December 2022 05:00
-
56.4
Thursday 3 November 2022 05:00
-
55.1
Thursday 6 October 2022 05:00
-
54.3
Monday 5 September 2022 05:00
-
57.2
Wednesday 3 August 2022 05:00
-
55.5
Tuesday 5 July 2022 05:00
-
59.2
Friday 3 June 2022 05:00
-
58.9
Thursday 5 May 2022 05:00
-
57.9
Wednesday 6 April 2022 05:00
-
53.6
Friday 4 March 2022 05:00
-
51.8
Thursday 3 February 2022 05:00
-
51.5
Wednesday 5 January 2022 05:00
-
55.5
Friday 3 December 2021 05:00
-
58.1
Wednesday 3 November 2021 05:00
-
58.4
Tuesday 5 October 2021 05:00
-
55.2
Friday 3 September 2021 05:00
-
56.7
Wednesday 4 August 2021 05:00
-
45.4
Monday 5 July 2021 05:00
-
41.2
Thursday 3 June 2021 05:00
-
46.4
Wednesday 5 May 2021 05:00
-
54

About HSBC Services PMI

Country:India
Currency:INR
Source:S&P Global
Category:Economic Activity
Frequency:Monthly

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