Services Sector Pmi
China's services activity expansion eases in November, shows PMI data
The Caixin/S&P Global services purchasing managers' index (PMI), released on Wednesday, fell to 51.5 from 52.0 in October
 "China's services activity expansion eases in November, shows PMI data")
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")
India's services PMI touches a three-month high at 59 in December
Owing to lower readings in October and November, however, the latest quarterly average was the lowest since the fourth quarter of the financial year 2022-2023
 "India's services PMI touches a three-month high at 59 in December")
Three-fourth employers in services sector willing to hire: TeamLease
The hiring boom in India's services sector is likely to continue in the third quarter, with 73 per cent of employers willing to increase their resource pool
 "Three-fourth employers in services sector willing to hire: TeamLease")
India's services activity at 5-month high in Apr despite inflation worries
While input costs increased at the fastest rate in nearly 14 years, prices charged rose at their quickest rate in around half a decade.
 "India's services activity at 5-month high in Apr despite inflation worries")
Top headlines: Service activity falls in Apr, fuel excise hike to help govt
Business Standard brings to you a snapshot of events which made it to the headlines today
 "Top headlines: Service activity falls in Apr, fuel excise hike to help govt")
Coronavirus pulls services PMI into contraction as overseas demand falls
Falls to 49.3 in March from February's 7-yr high of 57.5 as companies cut workforce
 "Coronavirus pulls services PMI into contraction as overseas demand falls")
India's services PMI hits a year's high in July on new business orders
In PMI parlance, a print above 50 means expansion while a score below that denotes contraction
 "India's services PMI hits a year's high in July on new business orders")
PMI services growth slips to 1-year low over election-related disruptions
PMI for services, which is based on the responses of executives of 400 private sector companies, fell to 50.2 in May, from 51 in April
 "PMI services growth slips to 1-year low over election-related disruptions")
PMI data: Rise in biz activity in Nov to support GDP growth, says Garg
India's economic growth fell to 7.1% in the second quarter (July-September) of the current fiscal, from 8.2% in the April-June period
 "PMI data: Rise in biz activity in Nov to support GDP growth, says Garg")
Services PMI climbs to a 4-month high in November on domestic demand
The Nikkei/IHS Markit Services Purchasing Managers' Index rose to 53.7 last month from 52.2 in Oct, its highest since July
 "Services PMI climbs to a 4-month high in November on domestic demand")
PMI falls to 51.5 as new businesses grow slowly, export orders fall
Services growth hit slow lane in August
 "PMI falls to 51.5 as new businesses grow slowly, export orders fall")
Services PMI rebounds in June, records fastest expansion in a year
With improved demand conditions, jobs growth picked up from May's five-month low
 "Services PMI rebounds in June, records fastest expansion in a year")
Services growth surged to 3-month high in Apr on improved demand: PMI data
The service sector plays a crucial role in India's economy as it contributes about 60% to the country's GDP
 "Services growth surged to 3-month high in Apr on improved demand: PMI data")
Services sector grows for a second month in Apr, job creation picks up: PMI
Employment growth improves to fastest since March 2011
 "Services sector grows for a second month in Apr, job creation picks up: PMI")
New orders help services sector to hire at fastest pace in 7 years : PMI
Higher work orders helped India's servicex sector return to the growth charts in March and raise hiring at the fastest pace in a little more than seven years, showed the widely tracked Nikkei India Services Purchasing Managers Index (PMI).PMI for the sector was 50.3, recovering from the 47.8 of February. The 50-point mark separates expansion from contraction, indicating the sector's health remains in tumult. In the 12 months to March, the sector contracted four times in the PMI measure.Service activity had contracted in February for the first time in three months as rising price pressure led to a decline in new business orders. In March, enhanced marketing and discounts in some cases allowed services companies to win new clients, according to the report by IHS Markit, compiler of the PMI survey.Confidence among firms strengthened to the highest recorded since implementation of the goods and services tax last July, with forecasts of an improvement in demand being cited as the key ...
 "New orders help services sector to hire at fastest pace in 7 years : PMI")
2018 begins with a glimmer of hope: Services sector growth improves in Dec
Combined services, manufacturing PMI fastest since demonetisation
 "2018 begins with a glimmer of hope: Services sector growth improves in Dec")
Services bounce back to growth in December on fresh biz, reveals PMI
However, expansion in just some industries such as information & communications and finance & insurance primarily drove overall business activity
 "Services bounce back to growth in December on fresh biz, reveals PMI")
