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07May 2024
APRIL SERVICES PMI SUGGESTS EXPANSION SLOWDOWN, DRIVEN BY STRONG ORDERS
Why in the news? April’s services PMI eased to 60.8 from 61.2 in March, indicating a slight slowdown in expansion, driven by strong new orders. Overview of April’s Services Sector Performance: The HSBC India Services Business Activity Index dipped slightly from 61.2 in March to 60.8 in April, indicating a moderation in the pace of …
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