- Wealth PMS
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.