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Data from Financial Modeling Prep. Forecasts by Sigmanomics Forecast Engine.
IndiaMarkit Services PMI climbed to 51.8 in February 2022
Financial Modeling PrepMonthlyReleased March 2022
Markit Services PMI climbed to 51.8 in February 2022, up 0.3 from January's 51.5 reading. The reading matched the 53 consensus. Year-over-year, the indicator is down 3.5. Over the past 3 months, Markit Services PMI averaged 53.5, vs 57.06 in the prior 3-month window. The reading is in the 42nd percentile of the trailing 24-month range.
Latest Release
51.8
Actual
53
Consensus
51.5
Previous
The March 2022 reading rose from the previous value of 51.5. Historically, this indicator is negatively correlated with USD/INR (Bullish INR) and positively correlated with XAU/USD (Watch).
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Markit Services PMI - IN
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