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Services PMI News
Services PMI falls to 6-month low of 47.8 in February
Mon, Mar 05, 2018
The Indian services sector contracted in February and fell to a six-month low, as new work orders suffered amid weak underlying demand conditions, says a monthly survey. The seasonally adjusted Nikkei India Services Business Activity Index fell from 51.7 in January to 47.8 in February, its lowest
India PMI Services grows to 50.9 in December as economy returns to growth
Thu, Jan 04, 2018
Following a decline in November when the services PMI reached 48.5 the seasonally adjusted ‘Business Activity Index’ signalled a renewed increase in activity.
India Services PMI falls to 50.3 in November as business activity slows
Tue, Dec 05, 2017
The service sector in India has been impacted due to the new tax regime that was implemented earlier this year.
Services sector momentum grew in October, Nikkei says
Fri, Nov 03, 2017
IHS Markit said that India's service sector reported the fastest rise in new business since June.
Nikkei's India Services PMI at 51.2 points in August
Fri, Sep 01, 2017
Order book volumes increased in August, after having posted the worst performance since early- 2009 during July, stated Nikkei.
Services PMI declines at its quickest pace in four years, Nikkei says
Thu, Aug 03, 2017
Key Highlights: Output and new orders fall for first time since January... ...and at fastest rates for almost four years Charge inflation at 53-month peak
Nikkei's Services PMI show that India's GDP is going to bounce back in Q1
Wed, Jul 05, 2017
Key Highlights Growth of new business and activity fastest in current five-month sequences of expansion Rate of increase in headcounts matches May's 47-month high
India moves further away from demonetisation; services PMI rises in March
Thu, Apr 06, 2017
India’s service sector Purchasing Managers’ Index (PMI) for the month of March rose to 50.3, Nikkei said on Thursday.
China's February service sector growth slows to 4-month low as competition gets fierce: Caixin PMI
Fri, Mar 03, 2017
China's services sector expanded at the slowest pace in four months in February, with new business still growing at a solid rate but increasing competition making it harder for companies to raise prices, a private survey showed.
India's private sector services growth slowdowns in Sept
Wed, Oct 05, 2016
The seasonally adjusted Nikkei India Composite PMI Output Index fell from August’s 42-month high of 54.6 to 52.4 in September.
Services PMI rises to three-month high in July on buoyant orders
Wed, Aug 03, 2016
"The Indian service economy started the second semester on a solid footing, posting its strongest performance since April and thereby indicating that underlying demand conditions remained reasonably firm," said Pollyanna De Lima, economist at survey compiler Markit.