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Charts & Analysis

India October Manufacturing PMI at 49, Continued Contraction

The HSBC Markit Manufacturing Purchasing Managers Index (PMI) for October shows continued continued contraction, now three months in a row.

HSBC India PMI

Manufacturing activity going low a month before Diwali? It seems businesses aren’t purchasing much, and there is a rise in inventories (meaning demand’s slowing). Inflation in inputs actually went further up! (largely through the exchange rate depreciation)