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India's services activity accelerates in May as new business picks up: PMI

Reuters    Translate This Article
5 June 2017

On 5 June 2017 Reuters reported: Activity in India's services industry accelerated in May as domestic and foreign orders rose, prompting firms to create jobs at the fastest pace in nearly four years, a private business survey showed on Monday, 5 June. The Nikkei/IHS Markit Services Purchasing Managers' Index rose to a seven-month high of 52.2 in May, from April's 50.2. A reading above 50 indicates expansion. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

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