India's services activity rises to 59.2 in June, highest in 11 years

Unrelenting inflation continued to worry businesses that were cautiously optimistic about the year-ahead outlook for business activity

Strongest expansion since Dec: Services sector PMI rises to 53.6 in Mar

Representative image

Asit Ranjan Mishra New Delhi
Services activity in June expanded at the fastest pace in over 11 years. This comes amid new demand orders and upturn in economic activity, following withdrawal of pandemic restrictions, a private survey showed.  

Data released by S&P Global on Tuesday showed that Purchasing Managers' Index (PMI) services rose from 58.9 in May to 59.2 in June, the highest since April 2011.

A print above 50 is considered expansion while below 50 is taken as contraction.

First Published: Jul 05 2022 | 8:10 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to