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Latest Articles in services sector

India's Services Sector Activity Expands In Sep; Employment Rises For First Time In 10 Months

The seasonally adjusted India Services Business Activity Index fell from 56.7 in August to 55.2 in September, but remained well above its long-run average.

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Services Sector Expected To Grow At 28% In 2021-22: SEPC

Services Export Promotion Council (SEPC) Chairman Maneck Davar said that in the first quarter of 2021, the exports stood at USD 54 billion.

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India's June Services Activity Shrinks At Fastest Rate In 11-months

IHS Markit's Services Purchasing Managers' Index (INPMIS=ECI) plunged to 41.2 last month from an already depressed 46.4 in May. That was its lowest reading since July 2020 and well below the 50-level separating growth from contraction.

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Gig Economy Can Support 90 Mn Jobs, Add 1.25 % To GDP: Report

The gig economy could create about one million net new jobs over the next two-three years by aligning near-term incentives of employers and workers

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India's Services Sector Loses More Steam In December, Job Cuts Resume

The Nikkei/IHS Markit Services Purchasing Managers' Index fell to 52.3 in December from November's 53.7 but held above the 50-mark separating growth from contraction for a third straight month.

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India's Services Sector Loses More Steam In December, Job Cuts Resume

India has the second-highest number of coronavirus infections in the world. On Sunday it approved two coronavirus vaccines for emergency use but it could take years to vaccinate over 1.3 billion people with its rudimentary healthcare system.

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Japan's September Service Sector Activity Shrinks At Slowest Pace Since Pandemic's Start

The final Jibun Bank Japan Services Purchasing Managers' Index (PMI) rose to its highest in eight months, coming in at a seasonally adjusted 46.9 from 45.0 in the previous month.

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Credit Growth Subdued, Retail Growth Moderates To 10.6 Pc: Motilal Oswal

Credit card growth revived sequentially at 13 per cent quarter-on-quarter versus 7 per cent year-on-year growth

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China's Services Sector Sustains Recovery As Hiring Picks Up

Service firms remained optimistic about business prospects as the economy continues to recover from the COVID-19 lockdowns, although a sub-index for confidence in the year dipped from July's multi-year high.

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China's Services Sector Grows At Fastest Pace In Over A Decade In June

China's economy is gradually emerging from a sharp 6.8% contraction in the first quarter, with much of the country now reopened after disruptions early in the year due to strict lockdown measures.

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India's Services Sector Slump Stretched Into May

With economic output set to fall enormously in the first half of 2020, it is clear that the recovery to pre-COVID-19 levels of GDP is going to be very slow

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India's Services Sector Contracts In September On Weak Demand: PMI

It was the second month this year the index had fallen below the 50-mark separating growth from contraction - the last one being in June.

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Bank Credit Growth Slows To 10.24 Per Cent, Deposits At 9.73 Per Cent

In the previous fortnight to August 16, advances grew 11.64 per cent to Rs 96.82 lakh crore and deposits by 10.15 per cent to Rs 126.80 lakh crore.

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India Services Activity Reverses Course, Surges In July: PMI

The IHS Markit Services Purchasing Managers’ Index rose to a one year high of 53.8 in July, up from 49.6 in June.

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Weak Indian Demand Drags March Services Growth To Six-Month Low: PMI

The index change "was partly caused by waning new business growth, with further increases to output prices perhaps contributing to the slide

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