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Wednesday, Sep 28, 2022

India services sector

INDIA SERVICES SECTOR NEWS

Price pressure no bar, services PMI growth at fastest pace in 11 years

July 06, 2022 2:28 am

Although firms expect the recovery to be sustained over the coming 12 months, concerns surrounding price pressures restricted business confidence, S&P Global said.

India's services sector activity in Nov registers second-fastest pace of growth since July 2011: Survey

December 03, 2021 2:36 pm

The seasonally adjusted India Services Business Activity Index was at 58.1 in November, fractionally down from 58.4 in October. The November figure points to the second-fastest rise in output since July 2011.

India's services sector activity expands in September; employment rises for first time in 10 months

October 05, 2021 2:01 pm

The seasonally adjusted India Services Business Activity Index fell from 56.7 in August to 55.2 in September, but remained well above its long-run average.

‘Services PMI cracks fastest since last July on Covid restrictions’

July 05, 2021 11:37 pm

A reading below 50 indicates contraction in the segment. The latest reading pointed to the fastest rate of reduction since July 2020. “New work intakes and output contracted at the fastest rates since July 2020, which prompted companies to reduce employment again,” IHS Markit said.

India's services sector activities slumps into contraction territory in May: PMI

June 03, 2021 12:05 pm

The seasonally adjusted India Services Business Activity Index fell to 46.4 in May, down from 54.0 in April, as the intensification of the COVID-19 crisis caused renewed declines in new business and output.

‘Services sector remains under pressure, index down for fourth straight month’: IHS Markit survey

July 04, 2020 1:03 am

The IHS Markit India Services Business Activity Index was at 33.7 in June. This was up sharply from 12.6 in May, but below the neutral 50 mark for a fourth month running, signalling another fall in service sector output.

Lockdown pulls India's service sector activity to standstill in Apr; PMI hits record low

May 06, 2020 1:01 pm

The IHS Markit India Services Business Activity Index stood at 5.4 in April, an extreme decline from 49.3 in March, and indicative of the most severe contraction in services output since records began in December 2005.

Services sector shrinks for first time since May 2018

July 04, 2019 5:03 am

At 49.6 in June, down from 50.2 in May, the IHS Markit India Services Business Activity Index posted in contraction territory for the first time since May 2018. A reading below 50 indicates contraction in the business activity.

India turning to services to bridge widening trade deficit with China

March 16, 2015 1:25 am

The official said that India can especially play a vital role in the tourism and the pharmaceutical sectors.

India's services sector growth down in June: HSBC

July 03, 2013 11:22 am

The services sector,which accounts for around 60% of the India's GDP,witnessed moderation in June.

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