Page 4 - Service Pmi

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

PMI: Services activity expands in November but records slight dip

Ahead of MPC meet, data shows input price pressures rise

Services PMI rises to over a decade high of 58.4 in October

Inflation at six-month high keeps business confidence muted but companies generate highest employment since pre-Covid period of February 2020

Wall Street rises as Fed, PMI give boost; global share mkts also up

The market is still feeling the aftereffects of the Fed's surprise projection last week for rate hikes as soon as 2023, which knocked stocks

PMI services expand at a slower pace in March on surge in Covid cases

The IHS India Services Business Activity Index eased to 54.6 in March from 55.3 in February, suggesting moderation in growth

Covid-19 slows India's services activity slightly in March: PMI report

Firms continued to bear elevated cost pressures but only passed some of it to consumers to stay competitive

Services PMI rises to 55.3 in February on boom in domestic demand

The index was above the critical 50 mark that separates growth from contraction for the fifth month in a row during February

Manufacturing activity loses pace in Nov, falls to three-month low: PMI

While all three broad areas of the manufacturing industry recorded expansion, consumer goods segment led the growth, the only sector to see a stronger rate of increase

India's manufacturing PMI loses steam slips to three-month low in November

The companies indicated that sales growth was underpinned by resilient demand, though curbed by the Covid-19 pandemic