Pricing edge may cost services cos
Mint Mumbai|June 06, 2023
Business activity in India's services sector moderated slightly in May. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 61.2 in May from 62 in April.
Harsha Jethmalani
Pricing edge may cost services cos

Despite this, the latest reading indicated second strongest growth rate in just under 13 years, said the services PMI survey report. A reading above 50 denotes expansion.

The services sector output was said to be supported by favourable demand, new client wins and positive market dynamics. A comparison of headline PMI data shows that momentum in economic activity remains higher in services sector than manufacturing. But this resilience could be put to test.

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هذه القصة مأخوذة من طبعة June 06, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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