Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

India PMI dips slightly to 61.9

8 Aug 2010Deepak Shenoy1 min read

Quick Facts

What is "India PMI dips slightly to 61.9" 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 8 August 2010.
How long does this article take to read?: 1 min read
What topics does this article cover?: PMI

Markit’s released India’s HSBC Purchasing Managers’ Index for July 2010. The index fell to 61.9 in July, down slightly from 62.8 in June. Remember, the PMI is an oscillator around 50 – meaning, a number above 50 means expansion, and below 50 is contraction, compared to the earlier month.

Nothing to worry about, yet. The markit piece says inflation’s a problem.

Tagged:PMI