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India s service sector remained in contraction territory for third straight month in July: PMI

India s service sector remained in contraction territory for third straight month in July: PMI The seasonally adjusted India Services Business Activity Index rose from 41.2 in June to 45.4 in July, but was stuck in the red due to subdued demand conditions amid the COVID-19 crisis. Looking ahead, firms were pessimistic about the 12-month outlook for output for the first time in a year (Source: PTI) PTI Updated Aug 04, 2021, 12:21 PM IST India s services sector remained in contraction territory for the third straight month in July, as business activity, new orders and employment declined further largely due to the COVID-19 pandemic and local restrictions, a monthly survey said on Wednesday.

Covid blues: Services sector still a picture of worry with PMI at 45 4 in July

Covid blues: Services sector still a picture of worry with PMI at 45 4 in July
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Indian service sector stuck in contraction territory for third straight month in July: PMI

Indian service sector stuck in contraction territory for third straight month in July: PMI SECTIONS Last Updated: Aug 04, 2021, 11:35 AM IST Share Synopsis The seasonally adjusted India Services Business Activity Index rose from 41.2 in June to 45.4 in July, but was stuck in the red due to subdued demand conditions amid the COVID-19 crisis. iStock Overall demand in the sector shrank again last month. India s services sector remained in contraction territory for the third straight month in July, as business activity, new orders and employment declined further largely due to the COVID-19 pandemic and local restrictions, a monthly survey said on Wednesday.

Service sector stuck in contraction, business activity falls again: IHS Markit

Toggle navigation IHS Markit is a world leader in critical information, analytics and solutions for the major industries and markets. Service sector stuck in contraction, business activity falls again: IHS Markit ANI | Updated: Aug 04, 2021 13:45 IST New Delhi [India], August 4 (ANI): The Indian service sector remained in the red during July largely due to Covid-19 pandemic and local restrictions, according to the latest IHS Markit Services Purchasing Managers Index (PMI) released on Wednesday. Business activity, new orders and employment declined further but in all cases rates of contraction moderated from June. Looking ahead, firms were pessimistic about the 12-month outlook for output for the first time in a year.

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