India’s services sector activity continued to tick higher for the third consecutive month in October with higher demand fuelling business activity and new orders, as per S&P Global’s Purchasing Managers’ Index (PMI) data released Wednesday. The HSBC India services PMI rose to a four-month high of 55.8 in October from 55.2 in September. A PMI reading of more than 50 denotes expansion in activity from the previous month, while a print below 50 indicates contraction.