Wed, Sep 05, 2018
In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. "August data signalled that the pace of growth in India's service economy cooled from July's recent peak. This was matched by the slowest expansions in new business and employment since May and November 2017, respectively," said Aashna Dodhia, Economist at IHS Markit, the author of the report.
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Tue, Sep 05, 2017
In the month of July, the seasonally adjusted Nikkei India Services PMI Business Activity Index plunged from June’s eight-month high of 53.1 to 45.9, its lowest level since September 2013.
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