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Strong domestic demand takes November services growth to four-month high - PMI

Reuters  |  BENGALURU, Dec 5 

BENGALURU, Dec 5 (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 growth from ...

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First Published: Wed, December 05 2018. 14:52 IST