Page 4 - Latest Updates on Services PMI
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
 "Bigger firms pass on surging input costs to consumers, smaller ones stuck")
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
 "May Services PMI shrinks to 46.4 vs 54 in April; lowest level since Aug")
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
 "Services PMI rises to 55.3 in February on boom in domestic demand")
Top headlines: Jeff Bezos to step down, Twitter risks penal action, & more
Business Standard brings you top news of the evening
 "Top headlines: Jeff Bezos to step down, Twitter risks penal action, & more")
Top headlines: Govt plans bank with $13.7 bn equity, Dec services PMI dips
Business Standard brings you top news of the evening.
 "Top headlines: Govt plans bank with $13.7 bn equity, Dec services PMI dips")
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 weighed on new business and employment
Services sector grows for second straight month, but rate falls in Nov: PMI
Hiring reverses declining trend, services inflation accelerates
 "Services sector grows for second straight month, but rate falls in Nov: PMI")
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
 "After manufacturing, services loses steam in Nov on weak demand: PMI")
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.
 "Top headlines: US election heads down to the wire, SBI Q2 profit up 52%")
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
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
 "Services activity improves in September, PMI at 49.8 vs 41.8 in August")
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 deteriorated
 "Even as Covid-19 rages, Indian economy's animal spirits are stabilising")
At 41.8, services PMI continues to show contraction for 6th month in Aug
PMI for combined services and manufacturing rose from 37.2 in July to 46 in August
 "At 41.8, services PMI continues to show contraction for 6th month in Aug")
Aug services PMI jumps to 41.8 vs 34.2 in July; still in contraction zone
August was the sixth straight month the index was sub-50, the longest such stretch since a 10-month run to April 2014
 "Aug services PMI jumps to 41.8 vs 34.2 in July; still in contraction zone")
Covid-19 impact: Services PMI rises but fails to break out of contraction
Downturn grips sector as job loss, low export orders and poor domestic demand distress companies
 "Covid-19 impact: Services PMI rises but fails to break out of contraction")
Top headlines: NCLAT calls for probe against Flipkart, services PMI, & more
From govt allowing telcos to defer payments to 28 coronavirus cases in India, here are the top stories for the day
 "Top headlines: NCLAT calls for probe against Flipkart, services PMI, & more")
Services activity at 7-year high in January as new orders zoom: Survey
Nikkei India Services Purchasing Managers Index (PMI) stood at 55.5 in January, up from 53.3 in December
 "Services activity at 7-year high in January as new orders zoom: Survey")
Top headlines: Services PMI rises, coronavirus hits Surat diamond industry
From coronavirus' impact on Surat's diamond industry to Russia's largest oil producer, Rosneft, evincing interest in the acquisition of BPCL, here are the day's top headlines
 "Top headlines: Services PMI rises, coronavirus hits Surat diamond industry")
Service PMI hits 7-year high in Jan on favourable market. business optimism
The IHS Markit India Services Business Activity Index rose from 53.3 in December to 55.5 in January, signalling the strongest upturn in output in seven years
 "Service PMI hits 7-year high in Jan on favourable market. business optimism")
India's services PMI rises to a five-month high in Dec on buoyant demand
The widely tracked Nikkei India Services Purchasing Managers Index (PMI) stood at 53.3 in December, up from 52.7 in November
 "India's services PMI rises to a five-month high in Dec on buoyant demand")