Services PMI jumps to 62.3 in July, highest in more than 13 years
The services PMI has stayed above the key level of 50 for 24 months in a row
Source: moneycontrol.com
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Manufacturing, labour sectors key to India retaining its world-beating growth: S&P Global
The data, research, and analytics firm expects India to grow at 6.7 percent on an average per year for eight years starting 2023-24 and retain the tag of the world's fastest growing large economy in. Meanwhile, the government and the RBI see India's GDP growing by 6.5 percent in 2023-24
Source: moneycontrol.com
India's manufacturing PMI edges down to 57.7 in July
The manufacturing PMI has now spent 25 consecutive months above the key level of 50 that separates expansion and contraction in activity
Source: moneycontrol.com
UK manufacturing sector shrank at fastest rate since 2020 in July
THE UK's manufacturing sector shrank at its fastest rate for three years in July after 12 months of decline, a new influential survey has suggested.
Source: irishnews.com
Sharp slowdown in private sector growth surprises economists
The drop in the purchasing managers' index score was much higher than experts had forecast.
Source: irishnews.com