Services Business Activity Index Current Affairs, GK & News

Services Business Activity Index  Current Affairs, GK & News

Services PMI contracts to 47.8 in February 2018

The Nikkei India Services Business Activity Index contracted at 47.8 in February 2018 compared with 51.7 in January 2018. A reading above 50 implies an expansion while one below 50 denotes a contraction. The contraction shows that activity and new work in services sector declined for the first time since November 2017, with rates of ..