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India: Services Activity Shrank Again In July, Outlook Turned Pessimistic | Hellenic Shipping News Worldwide

India: Services Activity Shrank Again In July, Outlook Turned Pessimistic | Hellenic Shipping News Worldwide
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Services purchasing manager indexPollyanna de limaReserve bankசேவைகள் வாங்குதல் மேலாளர் குறியீட்டுபொலீயாந டி லிமாஇருப்பு வங்கி

India s June services activity shrinks at fastest rate in 11 months

Given the current Covid-19 situation in India, it was expected that the service sector would take a hit. PMI data for June showed quicker declines in new business, output and employment that were sharp, but much softer than those recorded in the first lockdown, said Pollyanna De Lima, Economics Associate Director at IHS Markit. The international demand for Indian services deteriorated further in June, with new export orders falling for the 16th consecutive month. The overall level of business sentiment was down for the third month in a row in June, reaching its lowest mark since last August. Uncertainty about the path of the pandemic restricted business confidence among services firms, who were generally neutral in their forecasts for output in the year ahead. The overall level of sentiment slipped to a ten-month low, Lima said.

Markit servicesServices purchasing manager indexPollyanna de limaReserve bankமார்க்கிட் சேவைகள்சேவைகள் வாங்குதல் மேலாளர் குறியீட்டுபொலீயாந டி லிமாஇருப்பு வங்கி

Covid-hit service sector sees sharper declines in sales, output: IHS Markit

Toggle navigation IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets. Covid-hit service sector sees sharper declines in sales, output: IHS Markit ANI | Updated: Jul 05, 2021 10:52 IST New work intakes and output contracted at the fastest rates since July 2020 which prompted companies to reduce employment again. Business sentiment took another hit with panellists neutral in their assessments of output forecasts for the year ahead. Registering 41.2 in June, the seasonally adjusted India Services Business Activity Index highlighted a further contraction in output. Moreover, falling from 46.4 in May, the latest reading pointed to the fastest rate of reduction since July 2020. Monitored companies commonly indicated that intensification of Covid-19 crisis and tight restrictions curbed demand for services.

New delhiIndia services business activity indexMarkit india servicesServices purchasing manager indexPollyanna de limaEconomics associate directorIndia servicesபுதியது டெல்ஹிஇந்தியா சேவைகள் வணிக நடவடிக்கை குறியீட்டுமார்க்கிட் இந்தியா சேவைகள்சேவைகள் வாங்குதல் மேலாளர் குறியீட்டுபொலீயாந டி லிமாபொருளாதாரம் இணை இயக்குனர்இந்தியா சேவைகள்

India s June services activity shrinks at fastest rate in 11-months

India s June services activity shrinks at fastest rate in 11-months SECTIONS Last Updated: Jul 05, 2021, 12:24 PM IST Share Synopsis Asia s third largest economy, which has already recorded more than 400,000 COVID-19 deaths, is still reporting over 40,000 coronavirus cases per day, taking the total number of infections to over 30.5 million. India s June services activity shrinks to 41.2 at fastest rate in 11-months Activity in India s dominant services sector contracted sharply in June as tighter restrictions to contain a resurgence of coronavirus cases hammered demand and forced firms to shed jobs at a rapid clip, a private survey showed on Monday. Asia s third largest economy, which has already recorded more than 400,000 COVID-19 deaths, is still reporting over 40,000 coronavirus cases per day, taking the total number of infections to over 30.5 million.

Markit servicesServices purchasing manager indexPollyanna de limaReserve bankமார்க்கிட் சேவைகள்சேவைகள் வாங்குதல் மேலாளர் குறியீட்டுபொலீயாந டி லிமாஇருப்பு வங்கி

COVID-19 impact: India s services sector activity contracts sharply in June

COVID-19 impact: India s services sector activity contracts sharply in June
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Markit servicesServices purchasing manager indexPollyanna de limaReserve bankமார்க்கிட் சேவைகள்சேவைகள் வாங்குதல் மேலாளர் குறியீட்டுபொலீயாந டி லிமாஇருப்பு வங்கி