Pvt sector output index rises to 4-mnth high
The Morning Standard|December 17, 2024
Services providers led rise in sales
Pvt sector output index rises to 4-mnth high

PRIVATE sector output grew at the fastest pace in four months, helping the economy end 2024 on a positive note boosted by strong demand from services and manufacturing sectors leading to record jobs creation.

As per a private survey, the flash PMI rose to 60.7 in December, which matches the reading in August after falling to 58.6 in November.

The good news is a relief for the economy which had slumped to a seven-quarter low of 5.4% in the September quarter.

The falling inflation is expected to spur demand among private sector companies.

Denne historien er fra December 17, 2024-utgaven av The Morning Standard.

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Denne historien er fra December 17, 2024-utgaven av The Morning Standard.

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