Page 3 - Service Pmi

India's services PMI jumps to highest in six months at 61.8 in January

According to the HSBC India Services PMI, new business placed with Indian service providers increased at the fastest rate in six months during January

Retail inflation likely picked up to 5.87% in December on rising food costs

Food prices, which account for about half of the inflation basket, rose in November and remained elevated last month, largely led by vegetable prices and household staples

Low demand drags India's services PMI to seven-month low in October

The survey also mentioned that services companies in India reported an increase in their expenses in October due to higher food, fuel, and staff costs

India's Oct services PMI falls to 58.4 vs 61 in Sept on rising inflation

In October, there were faster increases in input costs and output charges, with rates of inflation outpacing their respective long-run averages

China's services activity picks up slightly in October, sales grow: Data

An official survey showed on Tuesday that services PMI dropped to 50.1 from 50.9 in September

Services PMI slows down in Aug as sales wane off despite record exports

Optimistic outlook of companies bodes well for growth prospects, says S&P Global survey

India manufacturing PMI grows to three-month high in August: S&P Global

'Sharp expansion' in international sales show companies' focus on international business, says survey

India's services PMI falls to 58.5 in June, lowest in three months

Combined with manufacturing, output prices across the private sector increased at the sharpest pace in over a decade

Services PMI declines to 61.2 in May amid rising inflationary pressures

The companies the survey monitors reported that external demand for Indian services continued to improve in May, highlighted by a fourth successive rise in new export business

May services PMI at 61.2 as demand remains resilient amid rising inflation

India's headline figure has been in the expansion zone for 23 months straight since August 2021

India's services sector growth climbs to near 13-year high in April: PMI

India's services sector growth accelerated in April, as strong demand conditions resulted in the fastest increase in new business and output in close to 13 years, a monthly survey said on Wednesday. The pick-up in demand occurred in spite of escalating price pressures. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 57.8 in March to 62.0 in April, signalling the fastest expansion in output since mid 2010, amid a pick-up in new business growth and favourable market conditions. For the 21st straight month, the headline figure was above the neutral 50 threshold. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction. "India's service sector posted a remarkable performance in April, with demand strength backing the strongest increases in new business and output in just under 13 years. Finance & Insurance was the brightest spot, topping the sectoral growth rankings for both ...

April services activity hits near 13-year high as inflation accelerates

Finance and insurance record strongest increase in output, says S&P Global's PMI survey

Services PMI at 12-yr high of 59.4 in Feb on strong demand, easing prices

Strong demand, easing price pressures amid mild job creation drive index

India's services PMI activity in Feb grows at its fastest pace in 12 years

The S&P Global India Services Purchasing Managers' Index rose from 57.2 in January to 59.4 in February, its highest since February 2011 and considerably above all forecasts

China's services activity shrinks in Dec as surging Covid cases hit demand

The Caixin/S&P Global services PMI rose to 48.0 in December from 46.7 in November, but remained below the 50-point mark, which indicates contraction in activity, for a fourth straight month

India's services activity cools to 6-month low in Sep; job creation slows

PMI for services sector released by S&P Global dipped to 54.3 in September from 57.2 in August as weak external demand weighed on overall sales, with international order declining during the month

Top headlines: Ambani is richest Asian again, PMI rises to 11- year high

Mukesh Ambani on Friday regained his spot as Asia's richest man, surpassing his rival Gautam Adani, as a report said that the difference between the two billionaires was 'just $1 billion

Omicron spread: Services PMI falls to six-month low in January

India's services sector activity moderated to a six-month low in January, amid imposition of restrictions across the country due to the Omicron variant as well as inflationary pressures

Services PMI moderates to three month low in December amid Omicron fears

Data released by the analytics firm IHS Markit showed that the Purchasing Managers' Index (PMI) for services fell to 55.5 in December from 58.1 in November

Markets greet new year with euphoric rally; Sensex rises 929 points

The macroeconomic data helped investors overlook the impact of the rising Covid cases and new restrictions imposed by many states