Mumbai, Oct. 3 -- According to the latest Asia Sector PMI data from S&P Global, business activity rose in 13 of the 18 tracked industries in September, while the five remaining sectors experienced a decline. The upturn was again led by Software & Services, where the rate of expansion was rapid and among the fastest on record.
That said, the pace of increase was softer than that seen in August. The sector that recorded the most improved performance compared to the previous month was Insurance.
After declining for the first time in 16 months in August, business activity across the sector rose sharply in September, to place it second in the rankings.
Meanwhile, output across the Chemicals sector fell back into contraction following three st...