Tag: purchasing managers’ index

  • Increase in new businesses accelerates services expansion: PMI

    Increase in new businesses accelerates services expansion: PMI

    Mumbai : The Indian service sector’s output expanded in September, due to “renewed increases in new business”, a key macro-economic data showed on Thursday. The seasonally adjusted Nikkei India Services Purchasing Managers Index (PMI) Business Activity Index rose from 47.5 in August to 50.7, “a reading that was indicative of a slight pace of expansion”.…

  • India needs to guard against technological disruption in manufacturing

    India needs to guard against technological disruption in manufacturing

    By Amit Kapoor, (IANS) : The most recent Purchasing Manager’s Index (PMI) reflects a contraction in the manufacturing activity in India in December. Most domestic and international analysts and experts are looking at it from the viewpoint of the move of the government which essentially removed 86 per cent of the currency as legal tender.…

  • US dollar drops against euro amid downbeat data

    US dollar drops against euro amid downbeat data

    New York:(IANS) The US dollar lost against euro Thursday as economic data of the country came in worse-than-expected. On the US economic front, in the week ending September 26, the advance figure for seasonally-adjusted initial jobless claims increased by 10,000 from the previous week’s unrevised level to 277,000, above market consensus of 272,000, said the…