empty
 
 

2018.10.0401:26:00UTC+00India's Service Sector Growth Moderates In September

India's service sector expanded at a marginal rate in September amid reports of underwhelming market demand, survey results from IHS Markit showed Thursday.

The Nikkei services Purchasing Managers' Index fell to 50.9 in September from 51.5 in August. This was the lowest reading in the current four-month sequence of rising activity. Nonetheless, a score above 50 indicates expansion.

The composite output index, covering both manufacturing and services, came in at 51.6, down from 51.9 in August. Despite a slight improvement in manufacturing, the score reached its lowest level in four months.

In the service sector, weaker growth was closely linked to a broad stagnation of new business. Price pressures intensified, with higher fuel costs and a stronger US dollar raising the price of imported goods.

Further, expectations remained in positive territory, whilst firms added to their staffing levels for a thirteenth successive month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback