Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Charts & Analysis

April 2013 Composite PMI Lowest Since Oct 2011

Share:

The HSBC Markit Purchasing Manager’s Index (PMI) was in for April 2013 today at 50.5, the lowest since October 2011. This composite index is an average of the Manufacturing and Services Indexes. The Manufacturing Index was at 51, released earlier this month and the lowest since Nov 2011.

India PMI for April 2013

What’s above 50 is still expanding, but a number closer to 50 means the expansion is at a lower rate.

What’s also not said but to note is that if the average is 50.5, and the manufacturing index is at 51, then the other component – the services index – is at 50. This means the services index is close to moving into contraction zone.

All indications seem to be of a slowdown, but even in the PMI releases there is a note of caution on prices – inflation’s cooling but wage growth remains high.

Share:

Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial