India's Services Activity Hits Four-Month High in October
India's services sector grew at its fastest pace in four months in October. The HSBC services PMI rose to 55.8 from 55.2 in September. Input cost inflation also eased to its lowest level in over six years. The index is based on monthly business surveys.
Context
PMI is a monthly survey of business managers, and a reading above 50 shows that activity is growing. Services make up the largest share of India's economy, so this trend affects jobs and incomes.
Burning Potato score: 61%