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Service sector output in November shrinks to three month low owing to sluggish demand, lower customer turnout

Service sector output in November shrinks to three month low owing to sluggish demand, lower customer turnout
Service sector output in November shrinks to three month low owing to sluggish demand, lower customer turnout
The Nikkei India Services PMI Business Activity Index Plunged From 51.7 In October To 48.5 In November. A Reading Above 50 Indicates Economic Expansion, While A Reading Below 50 Points Toward Contraction.
News Nation Bureau | Edited By : Gautam Lalotra
| Updated on: 05 Dec 2017, 02:43:17 PM
New Delhi:
India s service output for the month of November contracted for the first time in three months owing to the sluggish demand and lower customer turnout at the back of the Goods and Services Tax (GST) rollout, a private survey showed on Tuesday. ....

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Services output contracts to 4-year low of 45.9 in July post GST roll

Services output contracts to 4-year low of 45.9 in July post GST roll
Services output contracts to 4-year low of 45.9 in July post GST roll
The Services Sector Dipped In July To Its Lowest Level In Nearly Four Years Following Implementation Of The Goods And Services Tax (GST), Showed A Monthly Survey On Wednesday.
News Nation Bureau | Edited By : Gautam Lalotra
| Updated on: 03 Aug 2017, 11:52:01 AM
New Delhi:
The services sector dipped in July to its lowest level in nearly four years following implementation of the Goods and Services Tax (GST), showed a monthly survey on Wednesday.
The Nikkei India Services Purchasing Managers Index (PMI), a pointer to services output on a monthly basis, plunged to 45.9 in July, the lowest since September 2013, from June s eight-month high of 53.1. ....

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