Services growth slips in April, raises rate cut hopes: HSBC
The contraction in services sector activity for the second month running, also resulted in some job losses and companies adopted a cost-cautious approach towards hiring, HSBC survey said.
May 06, 2015, 11:16 AM IST
'Services growth at eight-month high in Februay'
The HSBC Services Purchasing Managers` Index, which surveys around 350 private companies and is compiled by Markit, rose to 53.9 in February from 52.4, its highest since June 2014. A reading above 50 indicates growth.
Mar 04, 2015, 10:49 AM IST
