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Services sector has gone down for the third successive month: PMI Survey

Services sector has gone down for the third successive month: PMI Survey

Saturday, February 4, 2017, 3:12 PM

Services sector contracted for the third consecutive month in January, as business flow failed to recover from demonetization impact, even as muted inflationary pressure raised hopes for RBI remaining “accommodative” in its rate review next week. The Nikkei India Services Purchasing Managers’ Index, which tracks services sector firms on monthly basis, stood at 48.7 in January, as against 46.8 in December 2016.
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