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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia S&P Global Services PMI fell to 57.4 in May 2026
FMPMonthlyReleased June 2026
India S&P Global Services PMI fell to 57.4 in May 2026, released June 2026, down 1.9 from April's 59.3 reading.
Latest Release
57.400000
Actual
—
Consensus
59.300000
Previous
Median Absolute Error
±1.19
across last 12 releases
Last Call
Jun 2026
Predicted: 57
Actual: 59.3
Error: -2.3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| Hang Seng | ▼ Inverse | −0.76 | INDEX | Moves against | → View |
| NIFTY 50 | ▼ Inverse | −0.29 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Services PMI (India) was reported at 57.40 in May 2026. The reading fell from the previous value of 59.30. Over the past 12 months, the indicator has averaged 59.71, ranging from 56.50 to 65.60 across 16 releases.
WHY IT MATTERS
The trailing three releases averaged 58.27, up from the prior three at 57.67. Volatility over the past year (σ 2.17) is higher than the prior year (σ 1.37). In June readings over the past 3 years, S&P Global Services PMI has averaged 59.05.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Hang Seng (Bearish Hang Seng). Over the last 12 releases, the Sigmacast model's median absolute error is 1.19.
WHAT TO WATCH NEXT
The next release is scheduled for August 5, 2026. Same-country events in the next 14 days include Interest Rate Decision (Aug 5) and Inflation Rate YoY (Aug 12).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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S&P Global Services PMI - IN
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About S&P Global Services PMI — India
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing the overall economic outlook.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 57.4. Prior reading (May 2026): 59.3. Before that (May 2026): 58.1.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with Hang Seng (Bearish Hang Seng, r=-0.76) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
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