Page 3 - India Services Pmi

Coronavirus pulls services PMI into contraction as overseas demand falls

Falls to 49.3 in March from February's 7-yr high of 57.5 as companies cut workforce

At 57.5, India's services PMI grows at a pace not seen in seven-years

Service providers saw a marked increase in new work intakes during February, the second-fastest in over seven years

Services sector activity grows on strong demand in Nov, PMI rises to 52.7

The dominant sector of the economy had suffered two straight-months of contraction since September

Service sector returns to growth on strong demand; PMI at 52.7 in November

Wednesday's upbeat survey comes after official data showed India's annual economic growth slowed to 4.5% in the July-September quarter, its weakest pace since 2013.

Service sector shrinks for second straight month, PMI falls to 49.2 in Oct

The data showed that the rate of deceleration also declined in October from September, providing a ray of hope in these times of slowdown.

Services PMI contracts for second straight month in October on muted demand

Anecdotal evidence highlighted subdued demand conditions, competitive pressures and a fragile economic situation

Services activity rebounds in July, expands at fastest pace in a year: PMI

A sub-index tracking overall demand showed new orders increased at the quickest pace in nearly three years, driven largely by foreign demand

April service sector growth at 7-month low, dented by LS elections : PMI

The Nikkei/IHS Markit Services Purchasing Managers' Index slipped to 51.0 in April, the lowest since September, down from 52.0 the previous month.