 "What is Services PMI?")
Services PMI
What is Services PMI?
Read More
Latest Updates on Services PMI
Services PMI falls marginally to 58.4 in Nov, job creation improves
Business confidence leads to 'hiring surge' as input costs rise to the 'greatest extent' in 15 months
 "Services PMI falls marginally to 58.4 in Nov, job creation improves")
India's services PMI dips slightly, but hiring touches fastest pace since 2005
November Service PMI: The hiring surge was driven by improving business confidence, rising new orders, and strong international demand in the sector
 "India's services PMI dips slightly, but hiring touches fastest pace since 2005")
Strong demand revives services PMI in Oct, job creation improves
Companies recruit extra workers to meet domestic and international demand
 "Strong demand revives services PMI in Oct, job creation improves")
As demand slows, PMI services growth hits a ten-month low in September
For more than three years, the index has stayed above the 50-mark separating expansion from contraction
 "As demand slows, PMI services growth hits a ten-month low in September")
Growth in new business thrusts services PMI to 5-month high in Aug
Job creation in sector 'remains solid'; companies positive about economy
 "Growth in new business thrusts services PMI to 5-month high in Aug")
Services activity growth slows, yet remained solid in July: PMI data
Moreover, cost pressures remained elevated, pushing up selling-price inflation to a seven-year high in July, which also saw stronger job creation
 "Services activity growth slows, yet remained solid in July: PMI data")
Gains in new orders, biz activity surge pushes flash PMI to 61.4 in July
According to the survey carried out by the global banker, the headline flash composite Purchasing Managers' Index (PMI) figure rose to 61.4 in July, compared to 60.9 in June
 "Gains in new orders, biz activity surge pushes flash PMI to 61.4 in July")
India's economic activity expands in July, services PMI rises to 61.1
The indexes are based on preliminary survey results and are a signal of business confidence in the economy
June services PMI rises on back of new orders, international sales
'Staffing levels' increase at fastest pace since August 2022, according to survey
 "June services PMI rises on back of new orders, international sales")
Record demand for exports spurs India's services PMI to 61.2 in March
HSBC Bank survey says 'buoyant demand' led to a 'cascade of positivity for the sector'
 "Record demand for exports spurs India's services PMI to 61.2 in March")
Slowdown in growth in new orders, output drags services PMI in Feb to 60.6
The survey polled around 400 companies in transport, information, communication, finance, insurance, real estate, non-retail consumer and business services
 "Slowdown in growth in new orders, output drags services PMI in Feb to 60.6")
India's services PMI jumps to highest in six months at 61.8 in January
According to the HSBC India Services PMI, new business placed with Indian service providers increased at the fastest rate in six months during January
India's services PMI falls to 56.9 in November, lowest in 2023 so far
S&P Global said that the slowdown in services PMI was mainly owing to a slowdown in new orders as well as output across sectors
India's September services PMI hits 61 on positive demand environment
September's expansion in output was associated with effective marketing, favourable demand conditions and strong influxes of new business
 "India's September services PMI hits 61 on positive demand environment")
August PMI services comes at 60.3 on strong order book; output elevated
Services firms indicated the sharpest upturn in new export business since S&P Global services PMI started in September 2014
 "August PMI services comes at 60.3 on strong order book; output elevated")
Services PMI at over 13-year high in July, helped by strong demand
Companies continue to exercise caution in pricing decisions, says S&P Global survey
 "Services PMI at over 13-year high in July, helped by strong demand")
Dec services PMI at a 6-month high, thanks to stronger inflow of new biz
The headline figure has now been in the expansion zone for seventeen consecutive months since August 2021
 "Dec services PMI at a 6-month high, thanks to stronger inflow of new biz")
Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion
The headline figure has been in the expansion zone for the sixteenth consecutive month since August 2021
 "Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion")
Services PMI recovers to 55.1 in Oct after hitting six-month low in Sept
Services PMI released by credit rating agency S&P Global improved to 55.1 in October from 54.3 in September
Top headlines: Sep services growth at 6-month low; Dabur flags margin hit
"During the quarter, inflation was at peak levels which impacted gross margins," Dabur said in a regulatory filing
