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ihs markit news

Services activity declines in April

PMI for the services sector declined to 54 in April. (ANI Photo)
Published on May 06, 2021 06:21 am IST

Indian economy to rebound with 8.9% growth in FY22: Report

Workers stitch garments at a factory of an apparel shop in Jaipur.
Published on Jan 08, 2021 06:25 pm IST

Key indicators point to slowing business activity

Men wearing protective face masks on their chins, amid the coronavirus disease outbreak, watch a video on a mobile phone as they sit at a second-hand motor parts market in the old quarters of Delhi.
Updated on Dec 23, 2020 06:05 am IST

India’s service sector recovery sustained in November, says survey

The Indian services economy remained on the right path to recovery during November with a further upturn in new work supporting business activity growth and the first rise in employment for nine months, according to the latest IHS Markit Services Purchasing Managers’ Index (PMI).
Published on Dec 03, 2020 12:44 pm IST

India’s services activity grew in October for first time in 8 months, survey shows

A vendor wearing a protective mask wheels a bicycle past stalls at the Bhadra Fort market in Ahmedabad, India, on Thursday, Oct. 22, 2020 (Photographer: Sumit Dayal/Bloomberg)
Updated on Nov 04, 2020 01:41 pm IST

Manufacturing growth fastest in 13 years

Firms boosted production at the strongest pace recorded since late-2007 while the upturn in sales was the strongest since mid-2008.
Updated on Nov 03, 2020 08:44 am IST

India’s manufacturing PMI rises for 3rd straight month; output rises at quickest pace since October 2007

In April, the index had slipped into contraction mode, after remaining in the growth territory for 32 consecutive months.
Published on Nov 02, 2020 01:34 pm IST

Europe’s economy risks new contraction from Covid-19 curbs

While the weakness in Europe is largely limited to services, the fallout on jobs and spillovers to the rest of the economy will worry policy makers
Updated on Oct 23, 2020 05:16 pm IST

India’s September factory activity grew at fastest pace in over 8 years

The Nikkei Manufacturing Purchasing Managers’ Index , compiled by IHS Markit, jumped to 56.8 in September from 52.0 in August, above the 50-level separating growth from contraction for a second straight month. It was the highest reading since January 2012.
Published on Oct 01, 2020 10:38 am IST

PMI, GST data indicate economic recovery

Separately, data released by the finance ministry showed that gross GST receipts for June was just 9% below the roughly ₹1 lakh crore collected in the same month a year ago.
Updated on Jul 02, 2020 07:32 am IST

India’s services growth lose pace in August : Survey

Earlier in the week, IHS Markit survey had showed India’s manufacturing output in August grew at the slowest pace in 15 months.
Updated on Sept 04, 2019 04:18 pm IST