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Services output expands for first time in three months: PMI

December 04, 2019 11:44 am

The IHS Markit India Services Business Activity Index improved to 52.7 in November from 49.2 in October.

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India's October services activity contracts for second straight month

November 05, 2019 11:07 am

India's services industry activity contracted for a second consecutive month in October due to muted demand, according to the Nikkei/IHS Markit Services Purchasing Managers' Index (PMI) on Tuesday. The October services PMI stood at 49.2 up from 48.7 in September, however it remained below the 50-mark threshold separating contraction from growth.

June manufacturing PMI records fastest growth in 2018 so far

July 02, 2018 3:05 pm

This is the 11th consecutive month that the manufacturing PMI remained above the 50-point mark. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

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Services sector growth shrinks for second straight month, increasing chances for rate cut by RBI

June 03, 2016 12:16 pm

Services companies expect output to increase over the next 12 months but the degree of optimism weakened to the lowest ever since February.

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Manufacturing growth slips to 5-month low: PMI

June 01, 2016 5:00 pm

New orders expanded but at a "slight pace" and was mostly driven by the domestic market, while new business from abroad fell for first time since September 2013.

Pune: PMI first regional conference today

May 13, 2016 8:45 am

Speaking to mediapersons Fr Wilfred Fernandes, Rector of St Patrick’s Cathedral and state coordinator of PMI said the theme of the conference is ‘prisoners no more, but brothers and sisters’.

Services PMI cools to 3-month low

March 04, 2016 2:53 am

The Nikkei/Markit Services Purchasing Managers’ Index sank to 51.4 in February from January’s 54.3, but chalked up its eighth straight month above the 50-level that separates growth from contraction.