India's services PMI climbs to near 13-year high of 62.0 in April
The pick-up in demand occurred in spite of escalating price pressures and is a good indicator of the momentum in economic activity.
Source: freepressjournal.in
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The pick-up in demand occurred in spite of escalating price pressures and is a good indicator of the momentum in economic activity.
This reduced the composite PMI, a combination of the manufacturing and services indices, to 58.4 in March from the earlier 59.0 in February.
IHS Markit's measure of overall business growth showed output slowing to 50.8 in January and teetering dangerously close to contraction territory.