You are here: Home » Economy & Policy » News
Business Standard

India's services sector expands in Dec, but at a slower pace: PMI data

Activity among services firms also registered the strongest average quarterly performance during the three months ending December in nearly three years, encouraging firms to hire at a faster pace

Reuters  |  Bengaluru 

Growth in India's services sector slowed slightly in December, but firms hired at a faster clip on continuing optimism as new business and employment remained buoyant, a private survey showed on Friday. The Nikkei/IHS Markit Services Purchasing Managers' Index declined to 53.2 in December from November's four-month high of 53.7, but remained above the 50 mark threshold that separates growth from contraction for the seventh consecutive month. Activity among services firms also registered the strongest average quarterly performance during the three months ending ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, January 04 2019. 10:43 IST
RECOMMENDED FOR YOU