 "PMI services, firm, company, office, employees")
Growth in India’s services industry eased in January after expanding in December due to a slowdown in exports and new orders, said a private survey on Friday.
The Purchasing Managers' Index (PMI) by credit rating agency S&P Global fell to 57.2 last month from 58.5 in December. A print above 50 in the survey denotes expansion in the sector and below that suggests a contraction in activity.
New orders placed with services companies increased in January, marking the eighteenth month of expansion since August 2021.
New orders came from the domestic market as international sales decreased, said the survey. Pollyanna
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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