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Services Activity & Sales Rise At Slowest Rate, In Six Months: S&P Global India PMI

The Indian service sector ended the second fiscal quarter on a weaker footing, but economic growth was sustained, the S&P Global India Services PMI states. Both new business inflows and output rose at the slowest rates since March, amid ...

Services Sector Logs Slowest Growth In 4 Months On Weak Sales And Inflation

As per the S&P Global India Services PMI Business Activity index, the country's services sector logged a downfall from 59.2 in June to 55.5 in July. This is the slowest rate of growth in the space in four months. Nonetheless, the ...

India's Services Activity Expands At Strongest Rate In Over 11 Years

India's Services activity expands at strongest rate in over 11 years while input cost inflation climbs to new record, the S&P Global India Services PMI Business Activity Index indicated. Service sector growth continued to strengthen in May, with companies ...

India's Services Sector Continues To Strengthen; Price Pressure Remains The Biggest Constraint

India's dominant Services sector activity data compiled by IHS Markit revealed today shows that the output during the period has expanded at the fastest pace in over a decade. The growth has been backed by robust recovery seen in domestic demand, ...

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 ...

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 ...

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