India's services sector sees strongest growth in six months due to robust domestic demand

deccanherald.com

India's services sector experienced its strongest growth in six months in May, driven by robust domestic demand. The Purchasing Managers' Index (PMI) for services rose to 59.8 in May, up from 58.8 in April, indicating a significant expansion. This rebound follows a slowdown in March. While external demand remained subdued, new orders for services saw their greatest increase in six months, with firms reporting gains from various international markets.


With a significance score of 1.9, this news ranks in the top 26% of today's 31550 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


India's services sector sees strongest growth in six months due to robust domestic demand | News Minimalist