India's services growth slows in December, inflation pressures persist
India Today
The new business sub-index was above 50 for a fifth month, supported by the real estate and business services sectors, although the growth rate softened to a three-month low.
India's services sector expanded for a fifth straight month in December, albeit at a slower pace than in the previous month, as demand rose but concerns over another wave of COVID-19 and inflationary pressures cast a shadow over the outlook, a survey showed.
Wednesday's Services Purchasing Managers' Index , compiled by IHS Markit, eased to 55.5 in December from 58.1 in November, the lowest since September but still well above the 50-mark that separates growth from contraction.
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