She noted that “the upward trend in private sector output reflected stronger inflows of incoming new works, one that was most marked since March”..India’s services sector activity touched an eight-month high in October driven by a significant rise in new business orders even as growth in manufacturing output eased, a Nikkei survey said. Notwithstanding the growth in services activity, October data indicated that services sector employment remained unchanged.2 in October, from 51.Meanwhile, the seasonally adjusted Nikkei India Composite PMI Output index, which maps both manufacturing and services sectors, rose to 52.”India’s economic growth shifted into higher gear in October driven by the services sector. A reading of 50 WP Worm Gear reducer Factory divides growth and contraction. Although manufacturing production continued to expand, the growth eased and was sluggish by historical standards,” Ms Lima added. The Nikkei Business Activity index climbed to 53.5 in September helped by new businesses. Going forward, services business sentiment regarding the 12-month business outlook remained positive in October.3 in September, as fresh orders expanded at a solid pace and were most pronounced since February.6 in October from 51. “Services companies saw a faster rise in new businesses than their manufacturing counterparts,” said Pollyanna De Lima, economist at Markit, which compiled the survey
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