India’s services activity declined to a 10-month low of 57.7 in September from 60.9 in the previous month, according to a private sector survey released on October 4.

The HSBC India Services Business Activity Index dipped below 60 for the first time in nine months but stayed above the long-run average. A reading above 50 denotes expansion.

The fall corresponds with the decline in factory activity during the month. The manufacturing activity index slipped to an eight-month low of 56.5 on tepid exports and a slowdown in output growth, data released earlier this week showed.

Other high-frequency data released over the week, too, have seen a decline. GST collections dipped to Rs 1.73 lakh crore from Rs 1.75 lakh crore in the previous month and coal output also slowed down.