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PMI Manufacturing moderates.

INDIA
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • Indian PMIs remained firmly in expansion territory in July according to today’s data release, albeit with some signs of moderating in manufacturing.
  • HSBC India PMI Manufacturing moderated to 57.9 in August from 58.1 in July.
  • HSBC India PMI Services expanded 60.4 in August versus 60.3 in July.
  • The HSBC India Aug. Flash Composite PMI 60.5 vs 60.7 prior is the lowest reading since May.
  • New orders have declined as have employment.
  • The numbers are still in highly expansive territory and the moderating will give little concern at this stage to the RBI.

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  • Indian PMIs remained firmly in expansion territory in July according to today’s data release, albeit with some signs of moderating in manufacturing.
  • HSBC India PMI Manufacturing moderated to 57.9 in August from 58.1 in July.
  • HSBC India PMI Services expanded 60.4 in August versus 60.3 in July.
  • The HSBC India Aug. Flash Composite PMI 60.5 vs 60.7 prior is the lowest reading since May.
  • New orders have declined as have employment.
  • The numbers are still in highly expansive territory and the moderating will give little concern at this stage to the RBI.