Services activity remains strong in September; PMI at 55.2
The service sector activity in India continued to remain strong in September despite falling small from August. Strong domestic demand, along with international orders help this sector as a Covid-19 limit to subside According to the purchase service survey of the monthly monthly monthly EHS (PMI) released on October 5, PMI services stand at 55.2 in September, down from 56.7 in August. In PMI Parlance, print above 50 means expansion, while the score below shows the contraction.
"Indian companies continue to benefit from the recovery of demand because further receding pandemics and restrictions are appointed," said Pollyanna de Lima, Director of Economic Associate in IHS Markit. "Enhanced market environment means that the company manages to secure new jobs and increase business activities du...