 "What is Services PMI?")
Services PMI
What is Services PMI?
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Latest Updates on Services PMI
China factory activity shrinks for 7th month despite trade truce hopes.
China has been diversifying exports from the US, with shipments to regions including Southeast Asia and Africa growing
 "China factory activity shrinks for 7th month despite trade truce hopes.")
Dec services PMI at a 6-month high, thanks to stronger inflow of new biz
The headline figure has now been in the expansion zone for seventeen consecutive months since August 2021
 "Dec services PMI at a 6-month high, thanks to stronger inflow of new biz")
Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion
The headline figure has been in the expansion zone for the sixteenth consecutive month since August 2021
 "Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion")
Services PMI recovers to 55.1 in Oct after hitting six-month low in Sept
Services PMI released by credit rating agency S&P Global improved to 55.1 in October from 54.3 in September
Top headlines: Sep services growth at 6-month low; Dabur flags margin hit
"During the quarter, inflation was at peak levels which impacted gross margins," Dabur said in a regulatory filing
Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip
CLOSING BELL: JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer Products, Shree Cement, and Wipro were the top gainers
 "Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip")
Services PMI at 54.3 in Sep; slowest expansion in 6 months amid weak demand
Growth in India's services industry slumped in September to a six-month low, led by a substantial easing in demand amid high inflation
Services PMI accelerates in Aug; job creation strongest in 14 years
Rebound due to gains in new business, improvements in demand, and overtime work: Survey
India's services activity rises to 59.2 in June, highest in 11 years
Unrelenting inflation continued to worry businesses that were cautiously optimistic about the year-ahead outlook for business activity
 "India's services activity rises to 59.2 in June, highest in 11 years")
PMI: Service activity touches 11-year high of 58.9 in May on strong demand
Overall demand rose at the fastest pace since July 2011 as economic activity continued to normalise with the lifting of pandemic restrictions
 "PMI: Service activity touches 11-year high of 58.9 in May on strong demand")
India's PMI services at 5-month high in April on higher fresh orders
However, companies resumed hiring in April, as seen by the first increase in employment since November
 "India's PMI services at 5-month high in April on higher fresh orders")
Top headlines: NSE seeks new chief; Jet Airways appoints new CEO
Business Standard brings you the top headlines on Friday
 "Top headlines: NSE seeks new chief; Jet Airways appoints new CEO")
China's Jan services activity expands at slowest rate in 5 months: Report
A sub-index for new business in the survey stood at 51.1 in January, slower than the long-run series average and below 52.5 in the previous month
 "China's Jan services activity expands at slowest rate in 5 months: Report")
Market wrap: Sensex slumps 765 points, Nifty ends below 17,200 level
Star Health cuts IPO size after tepid subscription; Tega Industries closes IPO with over 200 times subscription
 "Market wrap: Sensex slumps 765 points, Nifty ends below 17,200 level")
India's services activity remains strong in Sept, firms hire more employees
The IHS Markit Services Purchasing Managers' Index eased to 55.2 in September from August's 18-month high of 56.7, but stayed comfortably above the 50-mark separating growth from contraction.
Services PMI jumps to 18-mth high in Aug as vax access, footfall improve
If the trend persists in September, it may give further boost to services growth in the country in Q2FY22
 "Services PMI jumps to 18-mth high in Aug as vax access, footfall improve")
August service activity grows at fastest pace since pandemic began
The IHS Markit Services Purchasing Managers' Index rose to 56.7 in August - its strongest pace since the pandemic hit the country in March 2020.
 "August service activity grows at fastest pace since pandemic began")
Bigger firms pass on surging input costs to consumers, smaller ones stuck
Smaller manufacturers are resorting to cuts in the wage bill to keep afloat, as the demand situation in the economy remains low
 "Bigger firms pass on surging input costs to consumers, smaller ones stuck")
May Services PMI shrinks to 46.4 vs 54 in April; lowest level since Aug
Overall demand contracted at the sharpest rate since August, with foreign demand shrinking at the fastest pace since November
 "May Services PMI shrinks to 46.4 vs 54 in April; lowest level since Aug")
Services PMI rises to 55.3 in February on boom in domestic demand
The index was above the critical 50 mark that separates growth from contraction for the fifth month in a row during February
 "Services PMI rises to 55.3 in February on boom in domestic demand")