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Services sector growth

06 May 2024

India's Service Activity Growth In April Among Fastest In 14 Years: PMI

The seasonally adjusted HSBC India Services Business Activity Index fell from 61.2 in March to 60.8 in April, highlighting one of the strongest growth rates seen in just under 14 years.

05 Apr 2018

Services PMI back on growth track in Mar; job-creation at 7-year high

The index slipped below the 50-point mark, that separates expansion from contraction, in February.

05 Jul 2017

India's services sector growth rises to 8-month high in June

Services sector activity in India rose to an eight-month high of 53.1 in June, driven by a sharp jump in new work orders, suggesting an economic rebound going forward.

India's services sector growth

05 Jun 2017

India's services sector growth in May fastest in 4 months

Services sector activity in India grew at the fastest pace in four months in May riding piggyback on higher work orders as companies inducted more people to cope with greater workloads, a monthly survey said on Monday.

Services sector

03 Mar 2017

Services PMI returns to growth after 3 months of contraction

The services sector rebounded in February -- for the first time since October -- as businesses recovered from the demonetisation-led disruptions seen in the previous three months, a monthly survey showed today.

03 Feb 2017

India's services sector contracts for 3rd month in January, rebound likely

ndia's services languished, with new business orders falling for the third straight month, amid muted inflationary pressure that could offer RBI much room to remain accommodative in its next policy meet next week.

04 Jan 2017

Indian services sector contracts for 2nd month in December

The index that slipped into contraction territory in November remained in that zone as the rupee ban led to the sharpest fall in new business since September 2013.

05 Dec 2016

India's services sector contracts on cash shortage; worst in 3 years

The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector companies on a monthly basis, stood at 46.7 in November, down from 54.5 in October. A reading above 50 means the sector is expanding while a score below this mark signals contraction.

03 Nov 2016

India's service sector activity in October gathers pace

Services sector activity in the country gathered pace in October, driven by sharper increase in new business orders amid strong demand and improved market conditions.

India's services sector

03 Jun 2016

India's services sector growth cools sharply to 6-month low in May

Growth in India's services industry slowed sharply in May to a six-month low, due to a deceleration in new orders, a business survey showed on Friday.

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