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Services Pmi News

India's Service Sector PMI Shows Contraction For Third Straight Month In July

The country's service sector continued to be stuck in contraction during July month. As per the data released by IHS Markit, purchasing managers' index (PMI) for services for July month came in at 45.4 versus 41.2 in June. A figure below 50 ...

February Services PMI Rise At Its Fastest Rate In A Year

Services activity in the country last month grew at its fastest rate in a year as there was seen robust recovery in demand though input cost increased at the fastest rate in eight years time, the survey showed. In the ...

January Services PMI Accelerates To 52.8; Firms Continue To Shed Jobs

India's services sector activity accelerated in January month owing to improvement in demand and consumer optimism driven by the roll out of the huge Covid 19 vaccinative drive, a private survey revealed on Wednesday. The growth witnessed goes in sync with ...

November Services PMI Comes In Weak; 8-Months Job Shedding Streak Sees End

As per a private survey, India's services sector witnessed loss in momentum as demand weakened, thus again bringing to fore slow economic recovery from the pandemic blow-out. The services sector Nikkei's or IHS PMI was dragged to 53.7 in November in ...

November Services Pmi Comes In Weak Job Shedding Sees End

Services PMI For May At 12.6 From Previous Month’s Historic Low

Even as the lockdown began to ease to gear up economic activity, services PMI, a measure of India's services activity came in at 12.6 for May month. In the previous month, it came in at a record low of 5.4. ...

PMI: India's Service Activity Falls To A 5-Month Low In March

In March, India's dominant services sector contracted, a private survey showed, as new business and export demand fell sharply due to the COVID-19 pandemic that has disrupted economic activity globally. The Nikkei/IHS Markit Services Purchasing Managers' Index (PMI) was down to ...

February Services PMI At 57.5; Strongest In Over 7 Years

India's services purchasing managers' index for the February month have come in at the highest in over 7 years at 57.5 month. This is the fifth straight month when the IHS Markit India Services Business Activity Index is seen to increase. ...

PMI: Service Sector Activity Contracts For The Second Straight Month

On Tuesday, a private business survey showed that India's activity in the services sector contracted for the second straight month in October on muted demand. Despite an increase in the Nikkei/IHS Markit Services Purchasing Managers' Index (PMI) to 49.2 in ...

India's Services Sector ContractsTo 19-Month Low; Services PMI At 48.7

In another blow to the country, services sector witnessed contraction in the month of September on the back of weak fresh orders which have fallen for the first time since early 2018. Also, at the same business optimism has declined to ...

July Services PMI Expands At 53.8; Hiring Also Increases Most In 8 Years

Services activity or PMI purchasing managers' index jumped in the month of July on the back of an increase in international demand. This has been the fastest surge in services activity in a year's time. In July, Services PMI came in ...

July Services Pmi Reverses Course Hiring Also Increases Mos

April Services Activity Slumps To 7-Month Low As Elections Weigh

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 ...

GDP Estimate, Q3 Results And Budget Cues To Drive Market Next Week

The year 2018 that started with a cautious note for the Indian stock markets with the slump in Nifty by 95 points on the first working day, however ended the week on a positive life-time high. The Nifty scaled to 10,558 ...