WHAT IS SERVICES PMI?
Services PMI
In order to get an economic insight into a sector, the purchasing managers' index (PMI) provides an indicator based on surveys of businesses. The most common PMI surveys are the Manufacturing PMI and the Services PMI.
The IHS Markit India Services PMI is based on data compiled from questionnaires sent to purchasing executives in around 350 private service sector companies. The index tracks variables such as sales, employment, inventories, and prices.
Read More..
LATEST UPDATES ON SERVICES PMI
-
India's PMI services at 5-month high in April on higher fresh orders
However, companies resumed hiring in April, as seen by the first increase in employment since November| May 06, 2022, Friday -
Top headlines: NSE seeks new chief; Jet Airways appoints new CEO
Business Standard brings you the top headlines on Friday| March 04, 2022, Friday -
China's Jan services activity expands at slowest rate in 5 months: Report
A sub-index for new business in the survey stood at 51.1 in January, slower than the long-run series average and below 52.5 in ...| February 07, 2022, Monday -
Market wrap: Sensex slumps 765 points, Nifty ends below 17,200 level
Star Health cuts IPO size after tepid subscription; Tega Industries closes IPO with over 200 times subscription| December 03, 2021, Friday -
India's services activity remains strong in Sept, firms hire more employees
The IHS Markit Services Purchasing Managers' Index eased to 55.2 in September from August's 18-month high of 56.7, but stayed ...| October 05, 2021, Tuesday -
Services PMI jumps to 18-mth high in Aug as vax access, footfall improve
If the trend persists in September, it may give further boost to services growth in the country in Q2FY22| September 03, 2021, Friday -
August service activity grows at fastest pace since pandemic began
The IHS Markit Services Purchasing Managers' Index rose to 56.7 in August - its strongest pace since the pandemic hit the country ...| September 03, 2021, Friday -
Bigger firms pass on surging input costs to consumers, smaller ones stuck
Smaller manufacturers are resorting to cuts in the wage bill to keep afloat, as the demand situation in the economy remains low| September 01, 2021, Wednesday -
May Services PMI shrinks to 46.4 vs 54 in April; lowest level since Aug
Overall demand contracted at the sharpest rate since August, with foreign demand shrinking at the fastest pace since November| June 03, 2021, Thursday -
Services PMI rises to 55.3 in February on boom in domestic demand
The index was above the critical 50 mark that separates growth from contraction for the fifth month in a row during February| March 03, 2021, Wednesday
