Tag: PMI

Domestic demand, easing costs propped up Services in August: PMI

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Domestic demand, easing costs propped up Services in August: PMI

Image used for representation purpose only. Business activity in India’s services sector accelerated at a five-month high pace in August, aided by productivity gains, a pullback in cost pressures which eased to a four-year low, and higher domestic demand. However, optimism among services firms about next year’s prospects slumped to a 13-month low, while it…

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India’s services sector growth hits 13-and-a-half-year high in March on robust demand conditions: PMI

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India’s services sector growth hits 13-and-a-half-year high in March on robust demand conditions: PMI

 India’s dominant services industry grew faster in March 2024 amid strong demand, according to a private business survey that also showed employment increased at the fastest rate in seven months and export business expanded at a record pace. | Photo Credit: The Hindu India’s services sector witnessed one of the strongest growth rates in over…

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S&P Global India Manufacturing PMI signals August activity hit nearly three-year high

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S&P Global India Manufacturing PMI signals August activity hit nearly three-year high

Representational image only. | Photo Credit: The Hindu   Manufacturing firms’ order books and output levels expanded at the fastest pace in nearly three years this August, as per the S&P Global India Manufacturing Purchasing Managers’ Index (PMI) that rose to 58.6 last month from 57.7 in July.  A reading of over 50 on the index…

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