Services PMI at 5-month high MUMBAI: The services sector grew at its fastest pace in five months in January, driven by improvement in domestic demand and new businesses, according to the HSBC (PMI) data released here today. "The recovery in the services sector gathered pace in January, with both business activity and new businesses accelerating," HSBC chief economist for India and Asean Leif Eskesen said. HSBC's business activity index climbed to 58 for January from 54.2 in December, it said. Source : timesofindia.indiatimes.com