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India June services activity hits eight-month high on solid new orders

Reuters 

(Reuters) - Activity in India's dominant service sector expanded at its fastest pace in eight months in June as new business orders surged, a private survey showed on Wednesday.The Nikkei/IHS Markit Services Purchasing Managers' Index climbed to 53.1 in June from the previous month's 52.2. June was the fifth consecutive month the index has been above the 50 mark that separates growth from contraction."With services being the prevalent sector in India, the fainter rise in manufacturing was more than offset and growth of private sector output climbed to an eight-month peak," said Pollyanna de ...

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First Published: Wed, July 05 2017. 10:33 IST
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