Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

April 2012 Composite PMI Holds Up at 53.8

4 May 2012Deepak Shenoy1 min read

Quick Facts

What is "April 2012 Composite PMI Holds Up at 53.8" about?
What category is this article in?: Charts And Analysis
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 4 May 2012.
How long does this article take to read?: 1 min read
What topics does this article cover?: PMI

The April 2012 HSBC-Markit Purchasing Managers Index (PMI) Composite index for India comes in at 53.8, unchanged from last month. (The Manufacturing PMI was 54.9 while Services PMI was 52.8)

The implication is that growth hasn’t stalled and that inflation risks remain high, so RBI won’t continue with the rate cuts. But just one rate cut after 13 hikes? Well, time will tell.

Tagged:PMI