Manufacturing PMI for June 2014 at 51.5, Inflation Visible in Prices

Comments Off Written on July 1st, 2014 by
Categories: PMI

The HSBC Markit Purchasing Managers’ Index (PMI) for Manufacturing, for June 2014 is at 51.5, indicating small expansion and is up from May’s 51.4. Remember above 50 is increasing growth, while below 50 is contraction.

 

image

According to HSBC, Inflation continues as both input and output prices have risen:

"Things are gradually improving in India's manufacturing
sector. Output picked up in June, supported by growing
order flows, especially from overseas. The muted pace
will suit the RBI: since input and output prices are rising
as well, faster growth would only stoke inflation and
require tightening."

The Services PMI comes in on Thursday and we’ll see if this is true for Services as well.

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@gmail.com.