India’s retail-trade growth moderated in May, though it stayed in double digits
India’s services momentum eased in May as growth slowed across retail trade, road transport, IT and administrative support. Retail trade remained among eight of 19 service sub-sectors to post double-digit growth, signalling resilient but softer consumer activity.
India’s formal services growth moderated in May, with lower retail-trade growth among the key drags. Retail trade nevertheless remained one of eight sub-sectors posting double-digit growth, while the experimental services production index signals continued underlying consumer-services resilience.
Why this matters
No related recent signals are available. May’s slower retail-trade growth, while remaining double digit, aligns with a steady footfall theme and suggests consumer activity is holding up at a softer pace.
Footfall is steady, with 514 signals recorded over the past 90 days.
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- BL · Consumer & Economy — Same time