Page 2 - Pmi Services

Boost in domestic, int'l demand drives growth in services PMI in February

The India Services Purchasing Managers' Index rose to 59 in February from a 26-month low of 56.5 in January

Services sector growth pushes India's private sector output to 6-month high

The survey noted that companies operating across India's private sector economy continued to see improved international demand for their goods and services

PMI Electro Mobility secures Rs 250 crore funding for strategic EV growth

Electric commercial vehicle manufacturer PMI Electro Mobility Solutions on Friday said it has secured a Rs 250-crore strategic investment from a consortium of investors through a preferential allotment of equity shares, in its second round of private equity funding. The consortium led by Authum Investment & Infrastructure Limited (Authum), includes Antique Securities and associated HNI family offices and Nikhil Kamath-backed Gruhas, the company said. The fresh capital infusion will enable the company to accelerate its strategic initiatives, including the development of innovative solutions, technological advancements in production capabilities, and scaling of operations, PMI Electro Mobility said. These advancements will further strengthen the company's position in India's burgeoning electric vehicle (EV) sector and contribute significantly to sustainable urban mobility, it added. Incorporated in 2017, the eCV maker has a 2,500 unit annual capacity production facility in ...

Growth in services sector slows to more than 2-year low: PMI survey

Overall new business continued to increase strongly as companies report rise in costs, it says

China's services activity grows at slower pace in Jan, PMI slips to 51

The Caixin survey showed that new business growth eased to a four-month low, while employment fell to the weakest since April 2024

Services sector growth slows to more than 2-yr low of 56.5 in Jan: PMI data

Demand for services rose at the slowest pace in 14 months but remained sturdy

Demand buoyancy pushes services PMI to 4-month high of 59.3 in December

The higher demand supported output growth and prompted firms to recruit additional workers

Euro zone economy ended 2024 in fragile state as activity contracted: PMI

Headline index was boosted by the bloc's dominant services sector, whose PMI bounced back above breakeven to 51.6 from November's 49.5, but was weighed down by a sharper decline in factory activity

India's services PMI hits 59.3 in December, ending 2024 on a high note

Services PMI December 2024: Underlying demand identified as the primary factor behind output growth, says HSBC India Services PMI, compiled by S&P Global

China service activity hits 7-month high but US fears dent hope: Caixin PMI

The growth pace was the fastest since May 2024, surpassing the 50-mark that separates expansion from contraction on a monthly basis

Japan's service activity expands on increased demand, shows PMI data

Final au Jibun Bank Service purchasing managers' index (PMI) grew to 50.9 in December from 50.5 in November, according to the survey compiled by S&P Global Market Intelligence

Markets Today: Dec PMI; FIIs; Wall Street up; Standard Glass Lining IPO

At 6:35 AM, GIFT Nifty futures were trading merely 4 points higher at 24,096, hinting at a flat to positive start for the day

Markets today: Nov WPI; Dec PMI flash; MobiKwik, Vishal Mega IPO allotment

In the previous session, the Sensex settled 843.16 points or 1.04 per cent higher at 82,133.12. Similarly, the Nifty ended higher 219.60 points or 0.89 per cent at 24,768.30

Market Today: GIFT Nifty; Adani stocks; Zinka, NTPC Green IPO; PMI, Rupee

In the previous session, the Sensex fell 0.54 per cent to close at 77,156.80, while the Nifty declined 0.72 per cent to settle at 23,349.90

HSBC flash India composite PMI rises to 58.6 in Oct; job creation improves

Index has been above the 50-level separating growth from contraction for 39 consecutive months

India's services sector growth surges to 5-month high in August: PMI

India August service PMI: The PMI climbed to 60.9 in August, fuelled by by increase in new domestic orders

India's services growth remains robust even as it slows a tad in July: PMI

While there was a slowdown in growth, business activity has remained above the neutral mark of 50.0

China's services activity expands further, external demand slows: PMI data

The world's second-biggest economy grew much more slowly than expected in the second quarter

China's factory activity shrinks for first time in 9 months: PMI data

Caixin/S&P Global manufacturing PMI fell to 49.8 in July from 51.8 the previous month, the lowest reading since October

China's services activity growth hits 8-month low, shows Caixin PMI

Business confidence levels eased to the lowest level since March 2020 with concerns about the global economy and rising competition