NEW DELHI: India’s services sector activities touched the highest mark since April 2011 amid ongoing improvements in demand conditions, even as cost pressures in the service economy remained stubbornly high, a monthly survey said on Tuesday.
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 58.9 in May to 59.2 in June — its highest mark since April 2011.
For the eleventh straight month, the services sector witnessed an expansion in output. In Purchasing Managers’ Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.
This story is from the July 06, 2022 edition of Millennium Post Delhi.
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This story is from the July 06, 2022 edition of Millennium Post Delhi.
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