- Wealth PMS
The HSBC Markit Purchasing Managers Index (PMI) has moved substantially up to 57.5. Numbers above 50 indicate expansion, and below 50 are contraction.
While demand has recovered, inflation remains high, according to the press release. This can only mean that we are going to need further measures to curb inflation. The impact of a strong dollar hasn’t quite hit us as yet, it seems. (Either that, or it’s the exporters that are buying!)