PMI for April Shows Continued Contraction in Services

Comments Off Written on May 6th, 2014 by
Categories: PMI

The HSBC Markit Purchasing Manager’s Index (PMI) for India for April 2014 is a little unimpressive, with the composite number at 49.5. (Anything below 50 is contraction, anything above is expansion)

image

This is on the back of slowing service growth - in this case, a contraction of the service index.

The Manufacturing Index though expanded, at 51.3.

image

Related Posts Plugin for WordPress, Blogger...

Tags:

About the Author:
http://www.capitalmind.in
The man behind Capital Mind. Deepak is a co-founder at MarketVision, a financial knowledge company. Deepak also provides data research and consulting services, and now lives in Bangalore. Connect with him at deepakshenoy@capitalmind.in.