At 59.4 in February, the seasonally adjusted S&P Global India Services PMI Business Activity Index was at its highest level in 12 years and indicated a sharp expansion in output. It was 57.2 in January. Where growth was reported, survey participants mentioned favourable demand conditions
Bengaluru (Karnataka) [India], December 21 (ANI/PRNewswire): UST, a leading digital transformation solutions company, announced that it has been presented with 2022 Project Management Institute (PMI) South Asia Award for Project of the Year in the 'Contribution to Community' category. Judges
Services activity in India rose at the quickest pace in three months in the month of November, thus supporting a sharp expansion in services output and further job creation.
Favourable demand for services continued to underpin the increase in new business and output at the start of the third quarter of the current financial year.
China National Statistics Bureau data says the business volume of industries such as retail, aviation, transportation, hospitality and catering dropped in October.
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) was up from 55.1 in September to 55.3 in October, above its long-run average (53.7) and indicating a stronger improvement in the health of the sector.
The dollar retreated on Monday after the October S&P Global Composite PMI release showed US business activity contracting for a fourth straight month, an indication that the US Federal Reserve's aggressive monetary tightening was having a significant impact.
New Delhi [India], September 5 (ANI): Services sector activity in India improved in August as the S&P Global India Services Purchasing Managers' Index (PMI) showed growth in comparison to the previous month. The index rose from a four-month low.
New Delhi [India], September 1 (ANI): A sustained improvement in demand boosted new orders for Indian manufacturers during August, which pushed manufacturing output growth to a nine-month high, a monthly survey showed.
New Delhi [India], August 3 (ANI): Services activity in India decreased in the month of July as the S&P Global India Services Purchasing Managers' Index (PMI) showed degrowth in comparison to the previous month, thereby hitting a four-month low.