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4 10, 2013

September PMI at Lowest in 4.5 Years

By |October 4th, 2013|Categories: PMI|Comments Off on September PMI at Lowest in 4.5 Years

India’s Purchasing Managers Index (by HSBC/Markit) has come in at low levels in September. Manufacturing PMI comes in at 49.6, marginally up from 48.5 in August, but is still below the 50 mark, indicating contraction.

imageThe Services PMI (the other component of the composite PMI) was at […]

2 09, 2013

Manufacturing PMI for Aug 2013 Contracts, Lowest Since 2009

By |September 2nd, 2013|Categories: PMI|2 Comments

India’s Manufacturing Purchasing Managers Index (PMI) came in below 50 for August 2013, the first sub-50 level (indicating contraction) since 2009. The number came in at 48.5.

Manufacturing PMI for Aug 2013

Remember that in July the Services PMI had […]

5 08, 2013

July PMI for 2013 Contracts, A Four Year Low

By |August 5th, 2013|Categories: PMI|1 Comment

India’s Purchasing Managers Index (PMI) for July 2013 came in at 48.4 (composite of Manufacturing and Services) the lowest since 2009.

HSBC India Composite Output PMI Jul 2013

 

Numbers below 50 indicate contraction, and while we had […]

3 07, 2013

Gold Shortage, Bad Rating Agencies, Services PMI , Low Auto Sales and the Fun in Greece

By |July 3rd, 2013|Categories: Auto, Gold, Greece, Links, MakeRatingAgenciesIrrelevant, PMI|Comments Off on Gold Shortage, Bad Rating Agencies, Services PMI , Low Auto Sales and the Fun in Greece

Gold’s trading at a high premium. Get this, RBI. You can’t reduce the consumption of a product by restricting supply, when demand is high. Jewellers are now paying a premium for gold, because their customers want the darn thing. Soon, you will find banks and agencies reimporting gold, against “full margin” and the cost of gold in India will go up again, and so will the current account […]

1 07, 2013

July Manufacturing PMI at 50.3 (No-Change)

By |July 1st, 2013|Categories: PMI|2 Comments

The HSBC Markit Purchasing Managers’ Index (PMI) is at 50.3 and stagnant from last month’s 50.1. Remember, the numbers above 50 indicate expansion (higher numbers mean a higher rate) and below 50 are contraction.

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What the big chief has said:

Manufacturing activity was […]

4 06, 2013

May 2013 Manufacturing PMI Falls to 50 Month Low at 50.5

By |June 4th, 2013|Categories: PMI|Comments Off on May 2013 Manufacturing PMI Falls to 50 Month Low at 50.5

The HSBC Markit Purchasing Managers Index (PMI) for Manufacturing has fallen to 50.5 in May 2013, which is the lowest in over four years.

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Given this, and the dramatic fall in GDP, we might actually see the RBI cut rates some more very soon, […]

6 05, 2013

April 2013 Composite PMI Lowest Since Oct 2011

By |May 6th, 2013|Categories: PMI|2 Comments

The HSBC Markit Purchasing Manager’s Index (PMI) was in for April 2013 today at 50.5, the lowest since October 2011. This composite index is an average of the Manufacturing and Services Indexes. The Manufacturing Index was at 51, released earlier this month and the lowest since Nov 2011.

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2 05, 2013

April 2013 PMI At Lowest Since Nov 2011

By |May 2nd, 2013|Categories: PMI|2 Comments

The HSBC Markit Purchasing Managers Index (PMI) is at 51.0 for April, the lowest since November 2011. Remember that anything about 50 is “expansion” and below 50 is contraction – so we’re still growing at an increasing rate, just not quite as fast as earlier.

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While this […]

6 03, 2013

India PMI Falls to 54.8, Growth Pace Declines

By |March 6th, 2013|Categories: PMI|Comments Off on India PMI Falls to 54.8, Growth Pace Declines

The HSBC Markit Purchasing Managers Index (PMI) comes in at 54.8, with the service part of the index slowing down while the manufacturing pace increased.

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A number above 50 is still expansion but at a slower pace than earlier. Overall, the problem is that input price […]

6 02, 2013

January PMI Continues Expansion; Services Jump

By |February 6th, 2013|Categories: PMI|Comments Off on January PMI Continues Expansion; Services Jump

The HSBC Markit Purchasing Managers Index (PMI) was at 56.3 in Jan 2013, indicating continuing expansion. The Index is based on both Manufacturing and Services inputs. The Manufacturing part the index expanded slower at 53.2 (from 54.7 in Dec), while the services part accelerated faster at 57.5 (from 55.6 in Dec).

 

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5 01, 2013

India Dec 2012 PMI at a 10 month high

By |January 5th, 2013|Categories: PMI|1 Comment

India’s composite Purchasing Managers Index (PMI) – a blend of the inputs from manufacturing and services – shot up to 56.3, a ten month high, reports HSBC/Markit.

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Anything about 50 is expansion, so the pace of expansion has increased. […]

5 10, 2012

India’s September PMI Shows Expansion at 55.0

By |October 5th, 2012|Categories: PMI|Comments Off on India’s September PMI Shows Expansion at 55.0

The HSBC Market Purchasing Manager’s Index for September is at 55.0, a marginal increase over August’s 54.3. This is a composite indicator consisting of a manufacturing indicator (which is at 52.8) and a services indicator that’s at 55.8. Numbers above 50 show expansion, and below 50, contraction.

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7 08, 2012

India’s July PMI at 54.4, Marginally Lower

By |August 7th, 2012|Categories: PMI|Comments Off on India’s July PMI at 54.4, Marginally Lower

India’s July PMI (Purchasing Manager’s Index) dropped to 54.4, only marginally off the last month’s figure of 55.7. Anything above 50 is expansion so the growth story hasn’t really ebbed. The number is a composite of the services and manufacturing PMIs, the latter of which saw a fall to 52.9 from the 55 levels.

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6 07, 2012

June PMI Strong at 55+

By |July 6th, 2012|Categories: PMI|Comments Off on June PMI Strong at 55+

The HSBC Markit Purchasing Managers Index (PMI) has shown continued expansion in June, with the manufacturing PMI at 55, and the composite index (consisting of both manufacturing and services) going up to 55.7 from 55.3. For the PMIs, a print below 50 means contraction and above 50 is expansion.

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