HSBC India Composite PMI has gone to 61.0, up from January's 59.6. Services has strongly increased the PMI - the composite is a mix of the Manufacturing (last at 57.9) and services. Anything about 50 is expansion and below is contraction.
The funniest comment I read today was
I am not quite sure what a purchasing manager is – and I have no recollection of ever having met one – but everyone now seems to regard their views, as collected and processed into various indices as being frightfully significant.
(Hat tip: Tejus Sawjiani)
Related posts:
- India October PMI Up to 57.2 The HSBC Markit October India Manufacturing Purchasing Manager’s Index (PMI)...
- India December PMI at 58.9, Dips From Nov From Markit, the HSBC India Services PMI (Purchase Managers’ Index)...
- India PMI drops to 56.3 The HSBC Purchasing Managers Index (PMI) shows a sharp fall...
- HSBC India Manufacturing PMI: Up at 57.9 HSBC's India Purchase Managers' Index (PMI) is up to 57.9...
- PMI grows in Jan as well Markit has released data on both the Manufacturing and Composite...
