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Services growth sinks to one-year low in May, dented by elections: PMI

Optimism about the next 12-months improved slightly and firms increased the pace of hiring to the fastest in three months

Topics
Services Pmi  |  Service Sector  |  Elections

Reuters 



services
The survey showed that while foreign demand expanded at its quickest pace in nearly a year, a new business orders sub-index touched its lowest level in eight months

Activity in India’s dominant services sector grew at its slowest pace in a year in May, hurt by weak domestic demand, a private survey showed on Wednesday, while a sharp easing in price pressures virtually cemented the case for another rate cut this week.

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First Published: Wed, June 05 2019. 10:50 IST

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