India, July 3 -- India's services activity expanded at the weakest pace in nearly one-and-a-half years, as challenging market conditions and weaker demand hindered growth of total sales and output, final data compiled by S&P Global showed on Friday.
The seasonally adjusted HSBC India Services PMI dropped to 57.4 in June from 59.8 in May. A score above 50.0 indicates expansion. The flash score was 57.3.
The softer increase in services output in June was due to the slowest growth in new orders in over two-and-a-half years. The weaker sales growth was attributed to challenging market conditions and reduced client interest in services.
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