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