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April services PMI falls to 60.8 from Mar high
The Morning Standard
|May 07, 2024
THE key services sector index has fallen to 60.8 in April considerably, down from 14-year high in March at 61.2, yet remaining strong driven by the second-best ever exports, according to an industry report.
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As per the services PMI by HSBC Bank, data compiled by S&P Global, on Monday, the sector has made a strong start to the first quarter of the new fiscal with key index remaining at near 14-year high though marginally down from the last month. Report attributed the strong data to the buoyant domestic demand, apart from new business gain
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