The final value of india's HSBC Services PMI in October was revised upwards to 58.5, surpassing expectations.
HSBC/S&P Global jointly announced that, after seasonal adjustment, the final value of India's HSBC services PMI in October was revised upwards, from the previous ten-month low of 57.7 to 58.5, confirming the initial value increase to 57.9. Output and new business expansion accelerated, with healthy domestic and overseas customer demand.
Small-Loan Defaults May Throw Risk Into India's Broader Economy
In October, the PMI of Hong Kong's "Economy" rose to 52.2, indicating a regained growth in the business environment.
S&P Global announced that the Hong Kong Purchasing Managers' Index (PMI) for October, adjusted for seasonality, recorded 52.2, higher than September's 50, marking the first improvement since May and reflecting a positive turnaround in the business environment at the beginning of the fourth quarter this year, breaking free from the stagnation in September. During the period, the increasing demand is a key pillar supporting the improvement of the business environment. The overall growth in new orders reached the highest level in a year and a half, with interviewees often citing the mainland's introduction of stimulus policies and a resurgence in tourism as reasons. Business from the mainland and overseas also rebounded after shrinking at the end of the third quarter, with industry data showing a significant increase in orders in the service sector in October. Due to the new initiatives.
India Manufacturing Expansion Accelerates in October
India's stock market crash recorded: foreign capital mass exodus, domestic capital crazily buying in!
Concerns about decline.
Stock market decline drags the rupee to a new low, india's central bank expected to continue supporting exchange rates.
Traders pointed out that, despite the weak performance of the indian stock market, india's central bank intervention ensured that the rupee was not significantly affected, and it is expected that the Indian central bank will continue to defend the rupee.