Page 4 - Pmi Services

PMI: India's services activity touches an eleven-year high of 59.2 in June

The jump in the services PMI corroborates the view that the services sector will lead the growth recovery in FY2023, says Aditi Nayar of Icra

PMI: Service activity touches 11-year high of 58.9 in May on strong demand

Overall demand rose at the fastest pace since July 2011 as economic activity continued to normalise with the lifting of pandemic restrictions

PMI: India's May factory activity remained strong despite high inflation

Demand showed signs of resilience in May, improving further in spite of another uptick in selling prices

India's PMI services at 5-month high in April on higher fresh orders

However, companies resumed hiring in April, as seen by the first increase in employment since November

Oct services growth strongest in over a decade, input costs surge: PMI

The IHS Markit Services Purchasing Managers' Index accelerated to 58.4 last month from 55.2 in September, above the 50-mark separating growth from contraction.

Services activity shrinks to 45.4 in July, contracts for 3rd straight month

Activity in India's dominant services industry shrank for a third consecutive month in July as restrictions to control the pandemic hit demand, with companies turning the most pessimistic in a year

India's June services PMI at 41.2, the fastest drop in 11 months

This is expected to affect GDP growth rate during April-June quarter

May Services PMI shrinks to 46.4 vs 54 in April; lowest level since Aug

Overall demand contracted at the sharpest rate since August, with foreign demand shrinking at the fastest pace since November

China's services sector expands at a slower pace in December: PMI

China's services sector activity expanded at a slower pace in December, a private sector survey showed on Wednesday, as sporadic coronavirus outbreaks tempered the recovery in consumer confidence

Japan service-sector activity declines for 11th month in December: PMI

Activity in Japan's services sector extended its run of declines to the 11th month in December, a private sector survey showed, as a new wave of coronavirus led to a contraction in business conditions

Govt 'cautiously optimistic' as GDP contraction not so sharp in Q2: CEA

Warns about the possibility of another, more devastating Covid wave, strikes an optimistic chord on declining infections

Oct services activity at 54.1, grows for first time in 8 months: PMI

It was the highest reading since February and comfortably above the 50-mark separating growth from contraction

Service activity moves towards recovery in September; PMI at 49.8

At 49.8 in Sept from 41.8 in August, but contracts for 7th month in row

September data showing credible signs of economic growth: Finance Ministry

The ministry said that earnest efforts made by the government in last few months during coronavirus period have now started showing the green shoots

At 41.8, services PMI continues to show contraction for 6th month in Aug

PMI for combined services and manufacturing rose from 37.2 in July to 46 in August

Aug services PMI jumps to 41.8 vs 34.2 in July; still in contraction zone

August was the sixth straight month the index was sub-50, the longest such stretch since a 10-month run to April 2014

Pandemic woes keep Japan's service sector in decline at start of Q3: PMI

Japan's services sector contracted for a sixth straight month in July, suggesting economic activity remained under pressure from the coronavirus crisis as the third quarter got under way

Covid-19 crisis: Indian economy's road to recovery still has long way to go

Agriculture was expected to be the only silver lining in the economy in the current financial year

Covid-19: India's services PMI improves from April lows to 12.6 in May

Services activity in the country has suffered a lot amid back-to-back nationwide lockdowns to prevent the spread of coronavirus.

Covid-19 lockdown wipes out service activity in April, PMI drops to 5.4

As many as 97 per cent of the 500 companies surveyed by IHS Markit, which conducts the survey, reported a fall in output