Business Standard

Tuesday, February 11, 2025 | 07:18 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

2018 begins with a glimmer of hope: Services sector growth improves in Dec

Combined services, manufacturing PMI fastest since demonetisation

Telecom, Telcos
Premium

Abhishek Waghmare New Delhi
India’s economy has a reason to cheer in the New Year with its biggest sector – services - rebounding to growth in December from contraction in November, though the expansion is moderate, according to a widely-tracked Nikkei Purchasing Managers’ Index (PMI).  With manufacturing sector posting five-year high growth in December, the combined expansion in the two sectors was the fastest since October 2016, the month of demonetisation.

Higher activities in services led to increased hiring by firms with jobs growth quickening to the fastest since September, the PMI survey of 400 private sector firms showed. However, effects of the goods

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in