iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

India Services PMI Eases To 6 Month Low

3 Feb 2022 , 12:50 PM

Indias services sector continued to expand in January 2022, albeit at a much slower rate than the previous month, as the sectors Purchasing Managers Index (PMI) fell to a six-month low of 51.5 from 55.5 in December 2021, data released on February 3 showed. A PMI reading above 50 shows expansion in activity, and one below 50 indicates contraction. IHS Markit, the indexs compiler, said the fall in the services sectors growth was because of the intensification of the pandemic, reintroduction of restrictions, and inflationary pressures. The IHM composite PMI also eased from 56.4 in December to 53.0 in January.

Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.