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India s services PMI drops to a year low of 56 9 due to lower demand

India s services PMI drops to a year low of 56 9 due to lower demand
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Services sector activity in India hits 1-year low in Nov

The services sector growth in India fell to a one-year low in November on softer expansions in new work intakes and output, despite receding price pressures, a monthly survey said on Tuesday. The seasonally adjusted S&P Global India Services Business Activity Index fell from 58.4 in October to a one-year low of 56.9 in November. Despite witnessing a month-on-month decline, the rate of expansion was stronger than its long-run average.

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Purchasing Managers Index | Services sector activity in India hits 1-year low in November on slower order growth, output: PMI

The seasonally adjusted S&P Global India Services Business Activity Index fell from 58.4 in October to a one-year low of 56.9 in November

Governor shaktikanta monetary policy committeePurchasing manager indexPollyanna de limaEconomics associate directorReserve bankShaktikanta das headed monetary policy committeePurchasing managers 039 indexServices sectorS ampp global india services purchasing managers index

Services activity eases to the lowest level in a year

The seasonally adjusted S&P Global India Services PMI Business Activity Index eased further to 56.9 in November compared with 58.4 in the previous month.

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India s Services Sector Growth Hits 1-Year Low in November On Slower Order Growth, Output: PMI

India s Services Sector Growth Hits 1-Year Low in November On Slower Order Growth, Output: PMI
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Governor shaktikanta monetary policy committeePurchasing manager indexPollyanna de limaEconomics associate directorReserve bankShaktikanta das headed monetary policy committee