Services PMI picks up marginally in Feb after falling for 3 straight months

India’s services activity picked up only marginally in February after declining for three consecutive months following lifting of restrictions on contact intensive sectors as the third wave of the pandemic waned, a private survey said.

                                                                     

Data released by the data analytics firm IHS Markit released on Friday showed purchasing managers’ index (PMI) for services for February rose to 51.8 from 51.5 in the preceding month. A print