India’s services sector rebounded in August from a four-month low in July and created the highest jobs in 14 years as input cost pressures eased to the slowest pace in 11 months, as per the S&P Global India Services Purchase Managers’ Index (PMI), which expanded from 55.5 in July to 57.2 last month. A reading of 50 on the PMI indicates no change in business activity levels.
While overall new orders increased for Services firms sharply from July, Transport, Information and Communication reported a faster spurt in new business volumes as well as output, with Finance and Insurance outperforming all other sub-sectors.
