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Services PMI declines to 52.4 in August from July's year-high of 53.8

Rising expectations for further monetary policy easing and recent measures announced by the government boosted business expectations to a 12-month high, the survey showed

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Thecountry'sservicessectoractivitygrowtheasedinAugustasnewbusinessinflowsroseataslowerpace;followingwhichjobcreationandoutputexpansionmoderated,amonthlysurveyshowedonWednesday. TheIHSMarkitIndiaServicesBusinessActivityIndexdeclinedfrom53.8inJulyto52.4inAugust,pointingtoaslowerrateofincreaseinoutput. In PMI parlance,aprintabove50meansexpansion,whileascorebelowthatdenotescontraction. "Theweaker PMI readingsforIndia'sservicesector ...