Services PMI Weakens To 48.5 For November

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Though Manufacturing PMI for the November month stood at the highest since October 2016 at 52.6, the services activity slowed down after seeing an improvement post the GST roll out for three consecutive months.

    Services PMI Weakens To 48.5 For November

    As against the October numbers of 51.7 the Nikkei India Services PMI Business Activity Index dropped to 48.5 on the back of weak customer demand as well as turnout.
    The reading below 50 is representative of economic contraction and above is reflective of expansion.

    Read more about PMI here.

    In respect of the new contract, the contraction has been reported to be modest. So on a combined basis, taking together manufacturing and services output which is determined by the Nikkei India Composite PMI Output Index. The November index stood at 50.3 against October figure of 51.3.

    Goodreturns.in

    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
    India's LARGEST EVER political poll. Have you participated yet?

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more