Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Charts & Analysis

July 2014 Manufacturing PMI at 17 Month High at 53

Share:

India’s Manufacturing Purchasing Managers’ Index (PMI) for July 2014 is at the highest since Feb 2013, at 53.0, higher than the 51.5 in June.

 

image

Remember, what’s more than 50 indicates expansion, and less than 50 is contraction.

But this comes with a caveat.

A quick word of caution, however. The speed of the recovery has also lifted price pressures, with input prices rising steeply. This means that the RBI may not cheer as loudly as the rest of us."

You might find that with veggie prices going up too, we might see RBI wait for another two months before it decides to cut rates.

Share:

Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial