Anand Rathi: India Services PMI  Still In Contraction Zone 
Employees work on their systems at Infosys’ Mysore campus (Photographer: Sanjit Das/Bloomberg)

Anand Rathi: India Services PMI Still In Contraction Zone 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

India’s services purchasing managers index (PMI) index increased to 41.8 in August 2020 from 34.2 in July 2020.

As in July 2020, India’s services PMI in August 20 was the lowest among the peers. Despite this major improvement, India’s services sector remains in the deep contraction zone.

India’s manufacturing PMI has entered in the growth zone while services is still contracting.

Globally too, manufacturing is recovering faster than services from pandemic-induced lows.

As compared to manufacturing, lockdown restrictions have been more severe for services activities such as hospitality, travel, entertainment, real estate leasing and even retail trade, non-Covid-19 healthcare, education and personal services.

The good news, however, is that after stalling in July 2020, India’s services PMI has jumped in August 20.

Click on the attachment to read the full report:

Anand Rathi Services PMI Update.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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