April private sector growth fastest in 14 yrs on demand boost: PMI
The PMI rose to 62.2 in April as against 61.8 in March, thus indicating the fastest rate of increase in aggregate business activity since mid-2010.
The PMI rose to 62.2 in April as against 61.8 in March, thus indicating the fastest rate of increase in aggregate business activity since mid-2010.
The final HSBC India Services Purchasing Managers' Index (PMI), compiled by S&P Global, climbed to 61.2 last month, surpassing February's 60.6 reading.
Across the manufacturing landscape, a select few companies are proving to be relentlessly at the front of the pack.
New orders, the largest sub-component of the PMI, rose at a softer pace in September.
Positive sentiment in Sept was best in over 7.5 yrs. However, currency risks and impact of a weaker rupee on inflation and interest rates could derail optimism in Oct