Services Activity News

As per a private survey, lockdown has led India's service sector to a virtual collapse in April month with a severe spike in layoffs and recessionary fears looming. The Nikkei/IHS Markit Services Purchasing Managers' Index nosedived to levels of 5.4 during ...

India's service sector for the April month witnessed the slowest growth in 7 months as election outcome worries led several companies to postpone their business decisions as well as expansion plans. April Nikkei IHS Markit Services Purchasing Managers' Index fell to ...

The activity in the services sector witnessed a decline for the first time in three months with the Nikkei India Services Business Activity Index for May dropping to 49.6 as against 51.4 in the month of April. The reading below 50 ...

Since the demonetisation and GST measure, services sector has been largely hit and now for the Febrauary month, the activity in the services industry has again taken a hit since November 2017 mainly on account of inflation which pulled back the ...

As per a survey report, the chaos that came up with the implementation of the new indirect tax regime and new orders that saw a free fall, led the PMI or Nikkei/IHS Markit composite Purchasing Managers' Index for the July month ...