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Services PMI climbs to a 4-month high in November on domestic demand

The Nikkei/IHS Markit Services Purchasing Managers' Index rose to 53.7 last month from 52.2 in Oct, its highest since July

Reuters 

Business activity in India’s dominant services sector expanded in November at the quickest pace in four months, lifted by a significant rise in domestic demand, a private survey showed on Wednesday. This will offer some relief to Asia’s third-largest economy, which last week reported slower economic growth in the July-September quarter. The Nikkei/IHS Markit Services Purchasing Managers’ Index rose to 53.7 last month from 52.2 in Oct, its highest since July and above a Reuters poll consensus of 52.5. The index has been above the 50-mark that separates ...

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First Published: Wed, December 05 2018. 10:46 IST
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