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Charts & Analysis

PMIs Take A Breather in August 2014, Show Growth is Slowing

India’s Purchasing Managers’ Index (PMI) released by HSBC/Markit, for August 2014, shows a small dip in growth to 51.6 from the 53 in July.

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However it does remain above 50 (which means it’s expanding) so there’s less to worry about.

The Manufacturing part the PMI went from 53 in July to 52.4, a modest decline. The other component, the Service part of the PMI went from 52.2 down to 50.6. While this continues to expand the expansion is at a lower rate.

The best news is that inflation does seem to be moderating, says HSBC/Markit.