PMI: Services activity hits over a decade high in October

By: |
November 04, 2021 7:51 AM

But with input costs soaring, companies raised prices at the strongest pace in about four-and-a-half years

PMU, services market, services activity, input costs soaringServices PMI touched 58.4 in October

Services activity rose for a third straight month and hit its peak in ten-and-a-half years in October, as new work intakes surged at the fastest rate since July 2011.

With input costs soaring, companies raised prices at the strongest pace

Services PMI touched 58.4 in October, against 55.2 in September. But with input costs soaring, companies raised prices at the strongest pace in about four-and-a-half years

Do you know What is India expected to grow 10 pc during current fiscal: NCAER Director General Poonam Gupt,FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Pakistan receives USD 3 billion from Saudi Arabia to help stabilise country’s economy: Official
2Lot of unhealthy speculation on crypto taking place, says FM Sitharaman
3Indian economy fastest in world to come out of Covid pandemic impact: Home Minister Amit Shah