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Services bounce back to growth in December on fresh biz, reveals PMI

However, expansion in just some industries such as information & communications and finance & insurance primarily drove overall business activity

Reuters 

Activity in India's services industry bounced back to modest growth in December after contracting in the previous month, a private survey showed on Thursday, as new business orders stabilised and price increases slowed. The Nikkei/IHS Markit Services Purchasing Managers' Index, which is based on a survey of private sector companies in Asia's third-largest economy, rose to 50.9 in December from 48.5 in November. The 50 mark separates growth from contraction. However, expansion in just some industries such as information & communications and finance & insurance ...

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First Published: Thu, January 04 2018. 12:00 IST
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