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November services growth hits 4-month high for India

Dec 05, 2018 18:53 IST

The Nikkei Purchasing Managers’ Index or PMI rose to 53.7 last month from 52.2 in October - it's the highest reading since July and above a poll consensus of 52.5. The news is positive given last week's GDP numbers that were below estimates and monthly auto sales that have been largely disappointing. Importantly, the sub-index for employment showed expansion for the 15th straight month, though job-creation was at the slowest pace since September.

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