Page 3 - Service Sector
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
 "PMI services expand at a slower pace in March on surge in Covid cases")
Banks focus on services sector for credit growth, shows RBI data
Credit growth to the services sector accelerated to 9.1 per cent YoY at the end of September from 7.3 per cent a year ago.
 "Banks focus on services sector for credit growth, shows RBI data")
Early bird results show unlocking gains, net profit of 104 firms rises 9.8%
Cement makers and metal producers clearly show the impact of an uptick in prices of their products and a fall in costs boosting their profitability
 "Early bird results show unlocking gains, net profit of 104 firms rises 9.8%")
China's services sector sustains recovery as hiring picks up: Caixin PMI
Firms started to hire more in August after six months of layoffs, indicating some recovery in a labour market that has been hit hard by sharp falls in demand
 "China's services sector sustains recovery as hiring picks up: Caixin PMI")
No slowdown for eateries, dining out went up by 4.5 times in 2019: Report
From the money spent to the increased frequency of restaurant, some numbers are staggering
 "No slowdown for eateries, dining out went up by 4.5 times in 2019: Report")
No jobs? Hiring by services firms hit 6-month low in March, reveal PMI data
94 per cent firms did not employ a single additional hand in March
 "No jobs? Hiring by services firms hit 6-month low in March, reveal PMI data")
India's services PMI dips to 53.2 in December, but firms step up hiring
Factory orders continued to climb for nine months, with an upturn in orders holding close to November's 11-month high
 "India's services PMI dips to 53.2 in December, but firms step up hiring")
Hit by low demand, service sector growth declines to 4-month low in Sept
Growth in the manufacturing sector led to PMI rising to 52.2 in September
 "Hit by low demand, service sector growth declines to 4-month low in Sept")
India's service activity slows in Sept, Purchasing Managers' Index at 50.9
The service sector continued to expand during September, but at a marginal rate amid reports of underwhelming market demand, the report said
 "India's service activity slows in Sept, Purchasing Managers' Index at 50.9")
Services PMI logs fastest growth in 3 months in January, expands to 51.7
Moreover, the rate of job creation was the fastest since last September
 "Services PMI logs fastest growth in 3 months in January, expands to 51.7")
Service sector embracing gig economy in India
Vantage point: Insights from cutting-edge research
 "Service sector embracing gig economy in India")
Govt readies proposal to relax service sector regulations
Making a case for permitting foreign universities to open campuses in India
 "Govt readies proposal to relax service sector regulations")
