PMI services scale at a 3-month high level in March
Updated: 07 Apr 2022, 09:29 AM IST
TL;DR.The improvement in the services activity reflected due to new business wins, rising demand scenario and increased consumer footfall due to easing restrictions as Covid-19 wanes.
A PMI reading above 50 shows expansion in activities, and if it is below 50, it means activities contracted. PMI is a monthly indicator and it shows month-on-month improvement in activity.