* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, May 27, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Fans Call Out Disney For Cutting Favorite ‘Lilo & Stitch’ Character: ‘It Makes Me Want to Cry’ – Yahoo

    Disney Fans Heartbroken Over the Cut of Beloved ‘Lilo & Stitch’ Character: ‘It Makes Me Want to Cry

    Oh My Girl’s sister group USPEER from WM Entertainment introduces individual members with high-energy clips for ‘Speed Zone’ debut – allkpop

    Get Ready to Meet USPEER: Oh My Girl’s Sister Group Unveils Dynamic Members in ‘Speed Zone’ Debut Clips!

    Ways to save money on entertainment and travel this summer – CBS News

    Smart Strategies to Slash Your Summer Entertainment and Travel Costs!

    ‘Devil Wears Prada 2’ Sparks Debate Over Miranda Priestly’s Fate – Yahoo

    Will Miranda Priestly Rise Again? The Controversy Surrounding ‘Devil Wears Prada 2

    CT Senate backs panel to support struggling live entertainment venues – WSHU

    CT Senate Approves New Initiative to Aid Struggling Live Entertainment Venues

    Elizabeth Hurley Will Be ‘Deceased’ on New Reality Show The Inheritance – Yahoo

    Elizabeth Hurley Takes a Bold Turn in New Reality Show ‘The Inheritance

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Searenergy partners with Tethys Robotics on subsea inspection technology – Windtech International

    Searenergy partners with Tethys Robotics on subsea inspection technology – Windtech International

    China successfully tests new-gen satellite-to-ground data transmission technology – Global Times

    China successfully tests new-gen satellite-to-ground data transmission technology – Global Times

    Wireless Connectivity Technology Market Set to Witness – openPR.com

    Exploring the Future: Wireless Connectivity Technology Market Poised for Remarkable Growth!

    AI can do a better job of persuading people than we do – MIT Technology Review

    Why AI Outshines Us in the Art of Persuasion

    Cold Spray Technology: Parts Production Faster, Cheaper. – Marine News Magazine

    Revolutionizing Manufacturing: How Cold Spray Technology is Transforming Parts Production for Speed and Savings

    Stripe announced as new headline sponsor of Young Scientist & Technology Exhibition – The Irish Times

    Stripe announced as new headline sponsor of Young Scientist & Technology Exhibition – The Irish Times

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Fans Call Out Disney For Cutting Favorite ‘Lilo & Stitch’ Character: ‘It Makes Me Want to Cry’ – Yahoo

    Disney Fans Heartbroken Over the Cut of Beloved ‘Lilo & Stitch’ Character: ‘It Makes Me Want to Cry

    Oh My Girl’s sister group USPEER from WM Entertainment introduces individual members with high-energy clips for ‘Speed Zone’ debut – allkpop

    Get Ready to Meet USPEER: Oh My Girl’s Sister Group Unveils Dynamic Members in ‘Speed Zone’ Debut Clips!

    Ways to save money on entertainment and travel this summer – CBS News

    Smart Strategies to Slash Your Summer Entertainment and Travel Costs!

    ‘Devil Wears Prada 2’ Sparks Debate Over Miranda Priestly’s Fate – Yahoo

    Will Miranda Priestly Rise Again? The Controversy Surrounding ‘Devil Wears Prada 2

    CT Senate backs panel to support struggling live entertainment venues – WSHU

    CT Senate Approves New Initiative to Aid Struggling Live Entertainment Venues

    Elizabeth Hurley Will Be ‘Deceased’ on New Reality Show The Inheritance – Yahoo

    Elizabeth Hurley Takes a Bold Turn in New Reality Show ‘The Inheritance

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Searenergy partners with Tethys Robotics on subsea inspection technology – Windtech International

    Searenergy partners with Tethys Robotics on subsea inspection technology – Windtech International

    China successfully tests new-gen satellite-to-ground data transmission technology – Global Times

    China successfully tests new-gen satellite-to-ground data transmission technology – Global Times

    Wireless Connectivity Technology Market Set to Witness – openPR.com

    Exploring the Future: Wireless Connectivity Technology Market Poised for Remarkable Growth!

    AI can do a better job of persuading people than we do – MIT Technology Review

    Why AI Outshines Us in the Art of Persuasion

    Cold Spray Technology: Parts Production Faster, Cheaper. – Marine News Magazine

    Revolutionizing Manufacturing: How Cold Spray Technology is Transforming Parts Production for Speed and Savings

    Stripe announced as new headline sponsor of Young Scientist & Technology Exhibition – The Irish Times

    Stripe announced as new headline sponsor of Young Scientist & Technology Exhibition – The Irish Times

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Services activity eases to the lowest level in a year

December 5, 2023
in Business
Services activity eases to the lowest level in a year
Share on FacebookShare on Twitter

India’s service activity declined to the lowest level in a year, owing to a widespread slowdown in new work orders and overall output, with rising inflation expectations denting future outlook, according to a private survey released on Tuesday.

The seasonally adjusted S&P Global India Services PMI Business Activity Index eased further to 56.9 in November compared with 58.4 in the previous month.

A value of over 50 denotes expansion.

“India’s service sector has lost further growth momentum midway through the third fiscal quarter, but we continue to see robust demand for services fuelling new business intakes and output,” said Pollyanna De Lima, Economics Associate Director, S&P Global Market Intelligence.

While India’s economy registered stellar growth in the second quarter at 7.6%, compared with 7.8% in the first quarter of FY24, the services sector had slowed down considerably.

Financial services rose 6% in Q2 from last year, nearly half the 12.2% growth witnessed in Q1, whereas trade, hotels, transport, and communications grew 4.3%.

“Granular data showed widespread slowdowns in rates of growth for both new orders and output across the four broad areas of the service economy. Finance & Insurance topped the rankings, while Real Estate & Business Services came last,” S&P release stated.

The 400 service sector firms surveyed by S&P Global indicated that more service sector firms were positive about the future outlook, but inflation expectations dented some of that optimism.

ET had earlier reported that inflation is likely to stay around 6% for the next three months, owing to volatile onion prices and high inflation in pulses and cereals.

“Services firms endured a further increase in their operating expenses, with labour, food, material and transportation costs reportedly rising since October. However, the overall rate of inflation softened to an eight-month low and was below its long-run average,” S&P stated.

A slowdown in total export orders also contributed to lowering the pace of hiring in November, with net employment rising at the slowest pace since the start of the fiscal.

“Understandably, given the lack of pressure on operating capacities signalled by stable backlog levels, services firms became more cautious when it comes to hiring,” De Lima said.

Experts indicate that growth is expected to slow down in the second half of the year, but the growth in the first half has prompted upgrades to FY24 estimates above the 6.5% that the RBI has projected.

Services PMI declines
-Services PMI at the lowest level since November 2022
– Broad-based decline in services industries activity levels
– Inflation expectations dent future outlook

PMI servicesJul-2255.5Aug-2257.2Sep-2254.3Oct-2255.1Nov-2256.4Dec-2258.5Jan-2357.2Feb-2359.4Mar-2357.8Apr-2362.0May-2361.2Jun-2358.5Jul-2362.3Aug-2360.1Sep-2361.0Oct-2358.4Nov-2356.9A value of over 50 denotes expansion S&P Global
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : IndiaTimes – https://economictimes.indiatimes.com/news/economy/indicators/services-activity-eases-to-the-lowest-level-in-a-year/articleshow/105746825.cms

Tags: activitybusinessservices
Previous Post

ISRO brings back Chandrayaan-3 Propulsion Module to Earth’s orbit

Next Post

East Nagpur residents may soon get a Gondwana-type top club, AC markets, announces Nitin Gadkari

Nearly 55% of physicians feel valued by their organization – American Medical Association

Over Half of Physicians Feel Valued by Their Organizations: A Positive Shift in Healthcare

May 27, 2025
Which Democrats will run for governor if Tony Evers doesn’t and answers to other questions – Milwaukee Journal Sentinel

Who Will Step Up? Exploring Potential Democratic Candidates for Governor if Tony Evers Doesn’t Run

May 27, 2025
Searenergy partners with Tethys Robotics on subsea inspection technology – Windtech International

Searenergy partners with Tethys Robotics on subsea inspection technology – Windtech International

May 27, 2025
What to watch for in WPIAL sports for May 27, 2025: PIAA seeding, berths up for grabs – Trib HSSN

Exciting Showdowns Ahead: Key Highlights in WPIAL Sports on May 27, 2025!

May 27, 2025
The Ecological damage is grave – Ghana Bishops sound alarm on illegal mining – Vatican News

Urgent Warning: Ghana’s Bishops Raise Alarm Over Devastating Impact of Illegal Mining

May 27, 2025
Zhuhai Planning Science and Technology Innovation Center / nsaaa + Zhuhai Institute of Urban Planning & Design – ArchDaily

Zhuhai Planning Science and Technology Innovation Center / nsaaa + Zhuhai Institute of Urban Planning & Design – ArchDaily

May 27, 2025

From Mom to Medical Professional: How One Woman’s Journey at UNLV Transformed Her Life

May 27, 2025
An Expensive Alzheimer’s Lifestyle Plan Offers False Hope, Experts Say – The New York Times

Unmasking the Myths: Why Costly Alzheimer’s Lifestyle Plans May Lead You Astray

May 27, 2025
2025 Nové Město XC World Cup Results & Highlights – Pinkbike

Thrilling Highlights and Results from the 2025 Nové Město XC World Cup!

May 27, 2025
Tough times loom for night-time economy as young Britons opt to go out (and go home) early – The Guardian

Nightlife at a Crossroads: Why Young Britons Are Choosing Early Nights Over Late Adventures

May 27, 2025

Categories

Archives

May 2025
MTWTFSS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (643)
  • Economy (657)
  • Entertainment (21,565)
  • General (15,242)
  • Health (9,699)
  • Lifestyle (660)
  • News (22,149)
  • People (658)
  • Politics (665)
  • Science (15,880)
  • Sports (21,164)
  • Technology (15,645)
  • World (645)

Recent News

Nearly 55% of physicians feel valued by their organization – American Medical Association

Over Half of Physicians Feel Valued by Their Organizations: A Positive Shift in Healthcare

May 27, 2025
Which Democrats will run for governor if Tony Evers doesn’t and answers to other questions – Milwaukee Journal Sentinel

Who Will Step Up? Exploring Potential Democratic Candidates for Governor if Tony Evers Doesn’t Run

May 27, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version