The government’s demonetisation move provoked a downturn in the Indian service sector growth in December, with business activity contracting for the second consecutive month, revealed key macro-economic data on December 4. Indian service providers continued to be impacted by the November 8 …
Tag: IHS Markit
Demonetisation Effect | Services sector hit, logs biggest 1-mth fall since Lehman
Hit hard by demonetisation, the services sector slipped into contraction in November — the worst slump in nearly three years — as new orders dried up and customers cut spending due to cash shortages, putting pressure on the Reserve Bank of India to keep rates low, a monthly survey showed. The Nik…
Demonetisation took a toll on manufacturing sector growth in Nov: PMI
Manufacturing sector growth in India got hampered in November as rupee demonetisation weighed on new work flows, buying activity and production, while subdued inflationary pressure may prompt Reserve Bank of India (RBI) to reduce key policy rate, a monthly survey said on December 1st. The Nikkei …
Manufacturing growth slows in September
The country’s manufacturing growth has lost momentum with the Nikkei India Manufacturing Purchasing Managers’ Index (PMI), a measure of manufacturing performance, falling to 52.1 in September from 52.6 in August. This development comes just ahead of the RBI’s monetary policy rev…