Services sector: Activities at a three-month high, Global India Services Business Activity Index reaches 56.4


Posted on 6th Dec 2022 04:36 pm by rohit kumar

Services sector activity in India rose to a three-month high in November on strong demand. The S&P Global India Services PMI business activity index rose to 56.4. It was 55.1 in October. The Services PMI is above 50 for the 16th consecutive month.

 

 

A PMI above 50 indicates expansion and a reading below it indicates contraction. Indian service providers continued to benefit from strong domestic demand, with a sharp increase in new business and production, said Pauliana de Lima, joint director of economics at S&P Global Market Intelligence. The growth rate is at a three-month high despite higher operating expenses. The fresh demand remains due to successful marketing and steady growth in sales, said, survey participants. Lima said employment has grown at a solid pace. Its pace has been the fastest in three years in November. The Composite PMI Manufacturing Index of S&P Global India stood at 56.7.

 

Also Read: SBI Ecowrap Report: India has the lowest inflation compared to developed countries, better management

1 Like 0 Dislike
Previous news Next news
Other news

Covid-19: Active cases above 5000 for the first time in two years, doctors said do not make the mistake of taking it lightly

Coronavirus continues to pose a serious threat to health globally. The rising cases in this new w

CSK vs RR: Vaibhav Suryavanshi touches Dhoni's feet after brilliant innings, ends IPL 2025 with blessings

Rajasthan Royals' young opener Vaibhav Suryavanshi touched Mahendra Singh Dhoni's feet and conclu

'Future generations will evaluate us', PM Modi said about Gujarat- I never saw such heavy rain during my tenure as Chief Minister

Prime Minister Narendra Modi has stressed the importance of water conservation and said that it i

Demand for inclusion of Gilgit-Baltistan in India intensified: people said - connect across, open the door of Kashmir

Amid the economic crisis in Pakistan, the people of Gilgit Baltistan have been protesting against

Ban on entry of migrants will continue in America: State said – If the ban is lifted, the number of migrants will increase, and people sitting on the border will not get entry

The US Supreme Court extended the government's order to stop the entry of migrants from the Mexic

Elvish Yadav opened the secrets of his heart, broke his silence about his girlfriend, and said - he does not want social media and followers

Bigg Boss OTT 2 winner Elvish Yadav Girlfriend: Elvish Yadav is in the limelight after becoming t

NZ vs SA: Thorns collision between New Zealand-South African batsmen, Pakistan will want to defeat Kiwis

If the strong contestants of the entry into the semi-finals, New Zealand and South Africa World C

AUS vs AFG: How Glenn Maxwell played the 'greatest' ODI innings despite struggling with pain? Australian captain revealed

Australian captain Pat Cummins said that he was lucky to be in front to watch Glenn Maxwell's mir

SA vs BAN: A strange rule of ICC sank Bangladesh's boat; Why did the umpire not give four runs of leg bye? Understand the whole matter

BAN vs SA T20 World Cup. In the 20th match of the T20 World Cup, South Africa defeated Bangladesh

Salman Khan Case: Postmortem of accused Anuj Thapan conducted in JJ Hospital, truth revealed with the help of videography!

Bollywood superstar Salman Khan is constantly in the headlines these days. The police are continu

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash