PMI Services

In the previous session, the Sensex fell 0.54 per cent to close at 77,156.80, while the Nifty declined 0.72 per cent to settle at 23,349.90

Index has been above the 50-level separating growth from contraction for 39 consecutive months

India August service PMI: The PMI climbed to 60.9 in August, fuelled by by increase in new domestic orders

While there was a slowdown in growth, business activity has remained above the neutral mark of 50.0

The world's second-biggest economy grew much more slowly than expected in the second quarter

Caixin/S&P Global manufacturing PMI fell to 49.8 in July from 51.8 the previous month, the lowest reading since October

Business confidence levels eased to the lowest level since March 2020 with concerns about the global economy and rising competition

HSBC India Services PMI says firms optimistic and hiring up as input costs rise

Last month the Bank of England estimated the economy grew just 0.1% in the first quarter and would do only slightly better in the second

The reading has been consistently above the 50-mark separating expansion from contraction since August 2021

The survey polled around 400 companies in transport, information, communication, finance, insurance, real estate, non-retail consumer and business services

Despite having slipped, the headline index was comfortably above the neutral mark of 50.0 and signalled a sharp rate of expansion that was well above the series history

January figure marks 30 months of the index remaining above the 50-mark since July 2021. A reading above 50 in the survey indicates expansion of the sector and a figure below that suggests contraction

Closing Bell on Friday, December 1, 2023: The Nifty 50 index scaled a new peak of 20,291.55 in the intraday trade

The latest data showed a substantial increase in new business placed with Indian service providers, one that was the second-fastest since June 2010

According to S&P, finance & insurance sector was the "brightest spot" regarding business activity and new orders, topping the growth rankings in both instances

The headline figure has been expanding for 23 months on the trot since August 2021

No change in employment seen neither in services nor in manufacturing, says PMI survey

New orders placed with services companies increased in January, marking the eighteenth month of expansion

The headline figure has now been in the expansion zone for seventeen consecutive months since August 2021