October 01, 2024 05:17 GMT
INDIA: PMI’s Remain Strong, But Off the Highs.
INDIA
- HSBC and S&P India PMI for September was released today at 56.5.
- August reading was 57.5 and September 2023 57.5.
- The PMI has been moderating slowly, driven primarily by a moderation of output.
- New orders have slowed since last month and are at the lowest level since December 2023.
- PMI’s above 50 represent economic expansion.
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