 "An employee sets a table inside a restaurant at the Crown Plaza hotel, run by the InterContinental Hotels Group (IHG). Photo: Reuters")
The services sector saw its activities increase but at a slower pace in April, owing to a smaller rise in new work, shows the widely tracked Nikkei purchasing managers’ index (PMI) survey.
The predominant sector of the economy expanded for a third consecutive month in April. However, PMI stood at 50.2, lower than 51.5 seen in March. The 50-point mark separates expansion from contraction, indicating the health of the sector continues to be overall positive, the survey said.
Both outputs and new orders saw a softening in trend. “April PMI data for the Indian service sector show how jittery the
