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Charts & Analysis

India Manufacturing PMI Rockets Up To 57.5

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The HSBC Markit Purchasing Managers Index (PMI) has moved substantially up to 57.5. Numbers above 50 indicate expansion, and below 50 are contraction.

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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!)

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