FOREX TradingCharts.com

Financial News: India Service Sector Activity Highest In Four Months

India Service Sector Activity Highest In Four Months

09/03/2020 - 05:01:00 (RTTNews)

(RTTNews) - India's service sector activity level was at the the highest in four months in August, survey results from IHS Markit showed Thursday.

The IHS Markit services Purchasing Managers' Index rose to 41.8 in August from 34.2 in July.

The reading was the highest since March, before the escalation of the global COVID-19 pandemic.

Any score below 50 indicates contraction in the sector.

Output declined further in August with the rate of contraction solid overall and new business fell for the sixth month in a row with the rate of decline steepest since September 2014.

Employment decreased for the sixth straight month in August, albeit at a slower pace.

On the price front, cost burden increased for the second straight month in August and the rate of input price inflation was faster. Output prices rose marginally.

Sentiment for the next 12-months remained neutral in August after being negative in the previous three months.

The survey showed that the composite output index, which measures combined services and manufacturing output, rose to 46.0 in August from 37.2 in the prior month.

"Sustained periods of closure and ongoing lockdown restrictions in both domestic and foreign markets have weighed heavily on the health of the industry," Shreeya Patel, economist at IHS Markit, said.

"Backlogs of work accumulated to the greatest extent in almost 15 years of data collection," Patel said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Leading Economic Index Suggests Rebound May Be Losing Stream (04 hr(s), 45 min(s), 44 sec(s) ago)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story»

U.S. Consumer Sentiment Improves Much More Than Expected In September (04 hr(s), 58 min(s), 44 sec(s) ago)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story»

Italy Current Account Surplus Rises For First Time Since April (05 hr(s), 27 min(s), 44 sec(s) ago)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story»

Croatia Jobless Rate Steady At 9% In August (05 hr(s), 58 min(s), 44 sec(s) ago)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story»

Poland's Industrial Output Rises Less Than Expected (06 hr(s), 48 min(s), 44 sec(s) ago)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story»

Russia's Central Bank Keeps Rate On Hold (08 hr(s), 11 min(s), 44 sec(s) ago)
(RTTNews) - Russia's central bank left its key interest rate unchanged at a record low as wide ...Full Story»

Italy's Industrial Orders Rise In July (09 hr(s), 23 min(s), 44 sec(s) ago)
(RTTNews) - Italy's industrial orders and turnover increased for the third consecutive month i ...Full Story»

Eurozone Current Account Surplus Falls In July (09 hr(s), 37 min(s), 44 sec(s) ago)
(RTTNews) - The euro area current account surplus declined in July due to a fall in primary income ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Suggests Rebound May Be Losing Stream

09/18/2020 - 10:27 AM (RTTNews)
(RTTNews) - A report released by the Conference Board showed a continued increase by its reading o ...Full Story>>

U.S. Consumer Sentiment Improves Much More Than Expected In September

09/18/2020 - 10:14 AM (RTTNews)
(RTTNews) - After reporting an unexpected increase in U.S. consumer sentiment in the previous mont ...Full Story>>

Italy Current Account Surplus Rises For First Time Since April

09/18/2020 - 09:45 AM (RTTNews)
(RTTNews) - Italy's current account surplus increased for the first time in four months in Jul ...Full Story>>

Croatia Jobless Rate Steady At 9% In August

09/18/2020 - 09:14 AM (RTTNews)
(RTTNews) - Croatia's unemployment rate remained unchanged in August after easing in the previ ...Full Story>>

Poland's Industrial Output Rises Less Than Expected

09/18/2020 - 08:24 AM (RTTNews)
(RTTNews) - Poland's industrial production grew less than expected in August, data from Statis ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.