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.
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LATEST UPDATES ON SERVICES PMI
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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 -
Top headlines: Jeff Bezos to step down, Twitter risks penal action, & more
Business Standard brings you top news of the evening| February 03, 2021, Wednesday -
Top headlines: Govt plans bank with $13.7 bn equity, Dec services PMI dips
Business Standard brings you top news of the evening.| January 06, 2021, Wednesday -
Services sector loses steam, December PMI falls to 52.3 from 53.7 in Nov
Growth in India's dominant services industry continued to lose momentum in December as a resurgence in coronavirus infections ...| January 06, 2021, Wednesday -
Services sector grows for second straight month, but rate falls in Nov: PMI
Hiring reverses declining trend, services inflation accelerates| December 03, 2020, Thursday -
After manufacturing, services loses steam in Nov on weak demand: PMI
India's manufacturing recovery also faltered last month as coronavirus fears weighed on demand and output| December 03, 2020, Thursday -
Top headlines: US election heads down to the wire, SBI Q2 profit up 52%
Republic TV editor Arnab Goswami was arrested by police in Mumbai for alleged abetment of suicide in a case registered in 2018.| November 04, 2020, Wednesday -
Oct services activity at 54.1, grows for first time in 8 months: PMI
It was the highest reading since February and comfortably above the 50-mark separating growth from contraction| November 04, 2020, Wednesday -
Services activity improves in September, PMI at 49.8 vs 41.8 in August
The latest reading was indicative of broadly stable output across the sector| October 06, 2020, Tuesday -
Even as Covid-19 rages, Indian economy's animal spirits are stabilising
Five of the eight high-frequency indicators compiled by Bloomberg News gained last month, while two were unchanged and one ...| September 25, 2020, Friday
