PMI for Jun 2014 at 16 Month High

Comments Off Written on July 4th, 2014 by
Categories: PMI

The HSBC Markit Purchasing Managers’ Index (PMI) for India, for Jun 2014, with Manufacturing and Services Combined, is at a 16 month high at 53.8, up from the 50.7 we saw in May.

 

image

This is a strong number, after a great manufacturing number of 51.5 for June. (the composite PMI is the average of Services + Manufacturing PMIs).

If activity is heating up, then we should see a good GDP number too. Let’s await more data this month to check.

Related Posts Plugin for WordPress, Blogger...
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.