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.
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.
New Delhi [India], September 20 (ANI): The US Federal Reserve will be single-mindedly focused on inflation until it is lowered closer to the 2 per cent target on a sustained basis, said global business intelligence solution firm S&P Global Market Intelligence.
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 24 (ANI): The ongoing sluggish economic growth in the US is expected to continue through the end of 2023 as moderate gains in consumer spending and government purchases are offset by a significant decline in construction activities, global business intelligence solution firm S&P Global Market Intelligence said in an analysis.
New Delhi [India], August 10 (ANI): The global TV market is expected to show signs of recovery in 2022 and beyond on account of improvements in the supply of large LCD panels -- which was the primary obstacle manufacturers struggled within 2021, according to Kagan, a media research group within global financial services information provider S&P Global Market Intelligence.
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.