Outlook for services output in current fiscal positive: HSBC Survey
The Dollar Business Bureau Hopes of better economic conditions and forecasts of stronger demand contributed to positive sentiment regarding the outlook for services output in the coming 12 months, said the HSBC India Services Business Activity Index. Moreover, the level of optimism signalled in April was the highest since January. Among the six observed categories, confidence was strongest at Hotels & Restaurants, said the survey. Down to a three-month low of 52.4 in April (March: 53.0), the Index pointed to a modest and softer rise in output across the sector. Where growth was noted, this was linked by firms to higher volumes of incoming new business. By category, the quickest increase was seen in Post & Telecommunication, while Hotels & Restaurants was ...
