Services PMI falls from 43-month high
The Nikkei India Services Purchasing Managers’ Index (PMI), which tracks service sector companies on a monthly basis, fell from a 43-month high of 54.7 in August to 52 in September. Further, the Nikkei India Composite PMI Output Index, which caters to both manufacturing and service sector, fell to 52.4 in September, from August’s 42-month high of 54.6. 