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Charts & Analysis

India PMI Dips to 53.6, But is Best of BRIC

The HSBC Markit India Purchasing Managers Index PMI for July 2011 recorded another decline, moving down to 53.6. This is a 20 month low. The index above 50 is still expansion, and 53 means a lower pace than earlier but at least we’re expanding.

India PMI July 2011

But of the BRIC countries, we’re doing the best on manufacturing. China, Russia and Brazil are, in comparison, what’s the word, screwed. (All July Data)

China, Russia , Brazil PMIs