Services sector activity in India grew at the fastest pace in four months in May riding piggyback on higher work orders as companies inducted more people to cope with greater workloads, a monthly survey said today. The Nikkei India services Purchasing Managers' Index (PMI), which tracks services sector output on a monthly basis, rose from 50.2 in April to 52.2 in May. The Nikkei India services PMI posted above the critical 50.0 level, which separates ...
06-05-2017, 02:00 PM
May services sector PMI growth fastest in 4 months
Services sector activity in India grew at the fastest pace in four months in May riding piggyback on higher work orders as companies inducted more people to cope with greater workloads, a monthly survey said today. The Nikkei India services Purchasing Managers' Index (PMI), which tracks services sector output on a monthly basis, rose from 50.2 in April to 52.2 in May. The Nikkei India services PMI posted above the critical 50.0 level, which separates ...
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