Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

India's Manufacturing PMI at 15 Month Low, Contracts For the First Time Since Oct 2013

4 Jan 2016Deepak Shenoy1 min read

Quick Facts

What is "India's Manufacturing PMI at 15 Month Low, Contracts For the First Time Since Oct 2013" 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 January 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: PMI

The Nikkei Indian Manufacturing Purchasing Managers Index (PMI) has fallen to a 15 month low in December 2015, plunging to way below the 50 line that marks the difference between contraction and expansion. This is the lowest since October 2013. But note that this is heavily impacted by the shutdown of various factories in Chennai due to the floods in early December.

PMI

This is not isolated:

China’s PMI fell for the 10th month in a row, and at 48.2 it came in below the 49 estimate.
Chigago PMI in the US fell to the lowest since July 2009 (!!)
Japan’s PMI fell to a 25 month low

Expect far more volatility ahead, especially if there’s war in the Middle east.