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Service sector News
China's service sector grows at fastest pace in nearly six years in January
Mon, Feb 05, 2018
China`s services sector got off to a flying start this year, expanding at its fastest pace in almost six years, as new orders surged and companies rushed to hire more staff, a private survey showed on Monday.
Services Sector contributed almost 72.5% of GVA growth in 2017-18
Mon, Jan 29, 2018
While the growth of Service Sector as a whole is expected to be at 8.3 per cent in 2017-18, the growth in Services exports was 16.2 per cent in H1 of 2017-18.
Indian services PMI rises first time in seven months to 52.2 in May
Mon, Jun 05, 2017
Indian services PMI tracked by Japanese stock exchange Nikkei rose to 52.2 in May. The Nikkei India Services PM is based on data compiled from monthly replies to questionnaires sent to purchasing executives in around 400 private service sector companies.
Service sector still facing demonetisation impact, Nikkei PMI drops in April
Thu, May 04, 2017
The seasonally adjusted Nikkei India Composite PMI Output Index was down from 52.3 to 51.3 in April, and therefore signalled only a slight rate of expansion.
India's services PMI grows for the first time since October 2016
Fri, Mar 03, 2017
As per the Nikkei release, other survey indicators painted a mixed picture of the service sector’s health.
GDP numbers: How did cash-dominated sectors perform so well despite demonetisation?
Thu, Mar 02, 2017
What is hard to believe in the given GDP numbers was the performance of cash-dominated sectors where analysts expected a significant slowdown post demonetisation, but has seen uptick compared to Q2FY17.
India's services PMI contracts in Dec; business sentiment worst in 11-year history
Wed, Jan 04, 2017
Nikkei India Services Purchasing Managers' Index, or PMI, remained weak at 46.8 in the month of December. It was a marginal change from November's 46.7 after demonetisation hit services sector in the country.
Indian services activity plunges into contraction in November on cash crackdown
Mon, Dec 05, 2016
Indian services activity dived into contraction in November after Prime Minister Narendra Modi`s surprise move to withdraw high denomination banknotes led to a sharp decline in demand, a survey showed on Monday.
India Inc's sales growth slows to 0.1%
Thu, Oct 27, 2016
RBI said, "Expenditure, at the aggregate level, continued to contract, though at a lower rate as compared with the previous quarter. This resulted in a slowdown in operating profit at the aggregate level."
Indian services sector to be affected if US changes policies post elections
Fri, Sep 23, 2016
According to Moody`s, Malaysia, Taiwan and Korea would be the most vulnerable to efforts to repatriate high value-added manufacturing jobs.
Sensex edges up 40 points in choppy trade
Thu, Sep 15, 2016
After dropping to a low of 28,311.11 points, down 104 points, BSE Sensex inched up to close at 28,412.89 points. The larger 51-scrip NSE Nifty also closed up 0.18% at 8,742.55 points.
BSE, NSE touch fresh 52-week high; Nifty cross 8,900-mark
Tue, Sep 06, 2016
The domestic markets on Tuesday continued to remain at day's high with banking shares in the lead.
Services growth hits 3-1/2 year high, outlook bullish: PMI
Mon, Sep 05, 2016
Stronger business activity growth and incoming new work led to modest recovery in optimism at service providers.
Indian services growth slows for third straight month in June- PMI
Tue, Jul 05, 2016
The central bank is expected to cut rates one more time before Governor Raghuram Rajan`s term ends in September.
Service sector to play key role in WTO's trade facilitation pact: Nirmala Sitharaman
Wed, Apr 20, 2016
"Along with manufacturing, equal emphasis will be given to the services sector. It is services which feeds into the manufacturing," said Sitharaman