PMI: Poor export demand continues to weigh on services sector1 min read . Updated: 03 Jul 2020, 04:35 PM IST
- Business confidence slid to a survey low and also pointed to strongly negative expectations towards activity levels in the year ahead. The heightened risk of a protracted recession was commonly noted by pessimistic firms, showed the survey
MUMBAI: The IHS Markit India purchasing managers’ index (PMI) for the services sector showed that the Services Business Activity Index improved from 12.6 in May to 33.7 in June. However, the reading still remains below the crucial 50 mark for the fourth successive month. A figure above 50 indicates expansion and below this threshold points to contraction.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started
Select your Category