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Services activity picks up a little from record low

India 2020 economy Coronavirus
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Activity picked up a shade in May with the services PMI reading at 12.6, slightly better than the record 5.4 low reported in April, but still well below the 50-mark that separates contraction from expansion Services sector activity, which makes up more than half of India’s gross domestic product (GDP), weathered a second month of brutal contraction in May as the stringent coronavirus lockdown brought the economy to a near halt and left millions of people jobless.

Still, activity picked up a shade in May with the services Purchasing Manager’s Index (PMI) reading at 12.6, slightly better than the record 5.4 low reported in April, but still well below the 50-mark that separates contraction from expansion, according to data released by IHS

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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