Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

PMIs Take A Breather in August 2014, Show Growth is Slowing

6 Sept 2014Deepak Shenoy1 min read

Quick Facts

What is "PMIs Take A Breather in August 2014, Show Growth is Slowing" 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 6 September 2014.
How long does this article take to read?: 1 min read
What topics does this article cover?: PMI

India’s Purchasing Managers’ Index (PMI) released by HSBC/Markit, for August 2014, shows a small dip in growth to 51.6 from the 53 in July.

However it does remain above 50 (which means it’s expanding) so there’s less to worry about.

The Manufacturing part the PMI went from 53 in July to 52.4, a modest decline. The other component, the Service part of the PMI went from 52.2 down to 50.6. While this continues to expand the expansion is at a lower rate.

The best news is that inflation does seem to be moderating, says HSBC/Markit.