MNI BRIEF: Ueda Says BOJ Unable To Predict US Soft Landing

CORRECTED-MNI BRIEF: Depreciation Pressure On Yuan Eases-Pan

MNI BRIEF: Ueda Says BOJ Has Ample Time To Study Developments

MNI BRIEF: Conditions For PBOC Bond Trading Are Maturing - Pan

MNI BRIEF: China To Recapitalise Six Large State-owned Banks

MNI BRIEF: PBOC Eyes Stock Market Stabilisation Tools

MNI: GERMANY SEP IFO BUSINESS CLIMATE INDEX 85.4

RBA SAYS BOARD NOT "RULING ANYTHING IN OR OUT"

MNI: RBA HOLDS CASH RATE AT 4.35%

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

INDIA: PMI’s – Still Expanding.

INDIA
IndiaGlobalEM BulletBulletAPACEmerging Market NewsRegion

 

  • HSBC India PMI Manufacturing came in a 56.7 versus 57.5 in August.
  • HSBC India PMI Services came in a 58.9 versus 60.9 in August.
  • PMI Composite 59.3 versus 60.7.
  • Whilst PMI’s are moderating, the pace is very slow and remain well in expansion territory.
  • The question now resides with the growth ambitions of the new government.  Whilst India growth is on track to outperform its neighbours, is a moderate slowdown of activity enough for the RBI to cut rates.
  • With new MPC members, next month’s rate decision remains difficult to judge given no knowledge of the new members bias.
97 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

 

  • HSBC India PMI Manufacturing came in a 56.7 versus 57.5 in August.
  • HSBC India PMI Services came in a 58.9 versus 60.9 in August.
  • PMI Composite 59.3 versus 60.7.
  • Whilst PMI’s are moderating, the pace is very slow and remain well in expansion territory.
  • The question now resides with the growth ambitions of the new government.  Whilst India growth is on track to outperform its neighbours, is a moderate slowdown of activity enough for the RBI to cut rates.
  • With new MPC members, next month’s rate decision remains difficult to judge given no knowledge of the new members bias.