NEW DELHI: The country’s
sector activity slowed slightly in December, as new work orders and business activity moderated from November’s recent high, while job creation saw a significant uptick, a monthly survey said on Friday.
The seasonally adjusted Nikkei India Services Business Activity Index fell to 53.2 in December, from 53.7 in November, amid softer growth of activity and new business.
Despite easing marginally, the services PMI was in the expansion territory for the seventh straight month. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.