india lockdown: Lockdowns cause India's services sector to shrink for the first time in eight months in May
Synopsis Lockdowns across the country to curb the second wave of Covid dampened demand, prompting firms to cut jobs at the fastest pace since October, according to Nikkei/IHS Markit Services Purchasing Managers' Index. iStock Activity in India's services sector contracted in May- to 46.4 from 54.0 in April- for the first time in eight months. Lockdowns across the country to curb the second wave of Covid dampened demand, prompting firms to cut jobs at the fastest pace since October, according to Nikkei/IHS Markit Services Purchasing Managers' Index. Overall demand contracted at the sharpest ra...
Source: indiatimes.com