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Market Talk – May 6, 2021 | Armstrong Economics

Spread the love ASIA: China has “indefinitely” suspended key economic dialogue with Australia, the latest in a growing diplomatic rift between both countries. The relations between two countries have been on the decline since Australia called for a probe into the origins of the virus and banned Huawei from building its 5G network. In a statement on Thursday, a Chinese government commission accused Australia of having a “Cold War mindset”. Last year, China imposed sanctions on Australian goods like wine and beef. Growth in India’s dominant services sector eased to a three-month low in April but remained unexpectedly resilient even as the COVID-19 crisis intensified and cost pressures rose at the fastest pace in over nine years, a private survey showed. The Nikkei/IHS Markit Services Purchasing Managers’ Index fell to 54.0 last month from 54.6 in March, its lowest since January but still well above the 50-mark separating growth from contraction. A Reuters poll expected t

Marked rise in Indian services activity: IHS Markit

Toggle navigation IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets. Marked rise in Indian services activity: IHS Markit ANI | Updated: May 05, 2021 13:48 IST New Delhi [India], May 5 (ANI): The Indian service sector remained resilient to the escalation of Covid-19 crisis with a further solid increase in new work supporting output expansion, according to the latest IHS Markit Services Purchasing Managers Index (PMI) released on Wednesday. Still, panel member reports suggested that the rise in business activity was constrained by the pandemic and sentiment towards growth prospects faded. Meanwhile, service providers noted the steepest rise in overall expenses since December 2011. Charges increased only slightly, however, as firms sought to boost sales.

India s services growth slowed further in April, input costs soared

India s services growth slowed further in April, input costs soared SECTIONS Last Updated: May 05, 2021, 10:53 AM IST Share Synopsis The Nikkei/IHS Markit Services Purchasing Managers Index fell to 54.0 last month from 54.6 in March, its lowest since January but still well above the 50-mark separating growth from contraction and outpacing expectations in a Reuters poll for a fall to 51.1. ThinkStock Photos The gap between rates of inflation for input prices and charges was one of the widest since the global financial crisis. Growth in India s dominant services sector eased to a three-month low in April but remained unexpectedly resilient even as the COVID-19 crisis intensified and cost pressures rose at the fastest pace in over nine years, a private survey showed.

India s services growth slowed to 3-month low in April, input costs soared

(Reuters) - Growth in India s dominant services sector eased to a three-month low in April but remained unexpectedly resilient even as the COVID-19 crisis intensified and cost pressures rose at the fastest pace in over nine years, a private survey showed. The Nikkei/IHS Markit Services Purchasing Managers Index fell to 54.0 last month from 54.6 in March, its lowest since January but still well above the 50-mark separating growth from contraction and outpacing expectations in a Reuters poll for a fall to 51.1. Firms foresee higher output volumes over the course of the coming year, but business sentiment was dampened by concerns surrounding the pandemic, noted Pollyanna De Lima, economics associate director at IHS Markit.

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