WHAT IS SERVICES PMI?
Services PMI
In order to get an economic insight into a sector, the purchasing managers' index (PMI) provides an indicator based on surveys of businesses. The most common PMI surveys are the Manufacturing PMI and the Services PMI.
The IHS Markit India Services PMI is based on data compiled from questionnaires sent to purchasing executives in around 350 private service sector companies. The index tracks variables such as sales, employment, inventories, and prices.
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LATEST UPDATES ON SERVICES PMI
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Dec services PMI at a 6-month high, thanks to stronger inflow of new biz
The headline figure has now been in the expansion zone for seventeen consecutive months since August 2021| January 04, 2023, Wednesday -
Nov services PMI at a 3-month high of 56.4 thanks to new biz expansion
The headline figure has been in the expansion zone for the sixteenth consecutive month since August 2021| December 05, 2022, Monday -
Services PMI recovers to 55.1 in Oct after hitting six-month low in Sept
Services PMI released by credit rating agency S&P Global improved to 55.1 in October from 54.3 in September| November 03, 2022, Thursday -
Top headlines: Sep services growth at 6-month low; Dabur flags margin hit
"During the quarter, inflation was at peak levels which impacted gross margins," Dabur said in a regulatory filing| October 06, 2022, Thursday -
Services PMI at 54.3 in Sep; slowest expansion in 6 months amid weak demand
Growth in India's services industry slumped in September to a six-month low, led by a substantial easing in demand amid high ...| October 06, 2022, Thursday -
Sensex rises 157 pts, Nifty atop 17,300; Nifty Metal index up 3%, FMCGs dip
CLOSING BELL: JSW Steel, Hindalco, Coal India, L&T, Tata Steel, ICICI Bank, HCL Tech, Axis Bank, Tata Motors, Tata Consumer ...| October 06, 2022, Thursday -
Services PMI accelerates in Aug; job creation strongest in 14 years
Rebound due to gains in new business, improvements in demand, and overtime work: Survey| September 05, 2022, Monday -
India's services activity rises to 59.2 in June, highest in 11 years
Unrelenting inflation continued to worry businesses that were cautiously optimistic about the year-ahead outlook for business ...| July 05, 2022, Tuesday -
PMI: Service activity touches 11-year high of 58.9 in May on strong demand
Overall demand rose at the fastest pace since July 2011 as economic activity continued to normalise with the lifting of pandemic ...| June 03, 2022, Friday -
India's PMI services at 5-month high in April on higher fresh orders
However, companies resumed hiring in April, as seen by the first increase in employment since November| May 06, 2022, Friday
