Services PMI climbs to a 4-month high in November on domestic demand

Business activity in India’s dominant services sector expanded in November at the quickest pace in four months, lifted by a significant rise in domestic demand, a private survey showed on Wednesday. This will offer some relief to Asia’s third-largest economy, which last week reported slower economic growth in the July-September quarter. The Nikkei/IHS Markit Services Purchasing Managers’ Index rose to 53.

7 last month from 52.2 in Oct, its highest since July and above a Reuters poll consensus of 52.5. The.....

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