The Nikkei India Services Purchasing Managers' Index, which tracks services sector companies on a monthly basis, stood at 52 in September, down from August's 43-month high of 54.7, pointing to a slower and moderate rate of expansion.
The Nikkei Markit India Manufacturing Purchasing Managers' Index (PMI) -- an indicator of manufacturing activity -- declined from 52.5 in April to a three-month low of 51.6 in May.
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A reading above 50 indicates expansion, while a score below this mark means contraction
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The Nikkei India Manufacturing Purchasing Managers' Index (PMI) stood at 47.9 in July, down from 50.9 in June, its lowest mark since February 2009, and highlighted the first deterioration in business conditions in 2017 so far.
The main factors contributing to the above-50.0 PMI reading were growth of both new orders and output as market conditions returned to normal and led to subsequent improvement in demand.
The services sector had slipped into contraction in July as confusion caused by the GST rollout triggered a dip in new business orders.
The survey noted that advertising campaigns supported the increase in new work growth in the sector amid competitive pressures.
A reading below 50 means contraction in the sector.
Sluggish rise in new business inflows and a cautious approach to costs reportedly led Indian manufacturers to shed jobs in September.
During March, the rate of inflation slowed to the weakest in four months and was below the long-run survey average
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The Nikkei India Services PMI posted above the critical 50.0 level, which separates growth from contraction, for the fourth month running in May.
A reading above 50 indicates expansion while a one below this level means contraction.
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With factory production, activities across the private sector saw the biggest drop in over three years
Currency scarcity weighed on manufacturing performance where growth of new work flows slowed
Companies are also worried about inflationary pressures building up.
The Nikkei India Services Purchasing Managers' Index, which tracks the services sector firms on a monthly basis, stood at 50.3 in February, up from 48.7 registered in January.
The index went below the crucial 50 mark.
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Manufacturing production growth eased in May, which combined with the slowdown in services resulted in a weaker increase in private sector output, the survey said.
On the employment front, services employment was unchanged in April.
Factory growth picked up in May.
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A reading below 50 means contraction in the sector.
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Input prices rose at their fastest rate in 14 months but manufacturers absorbed much of the increase