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Charts & Analysis

India's Manufacturing PMI at 15 Month Low, Contracts For the First Time Since Oct 2013

The Nikkei Indian Manufacturing Purchasing Managers Index (PMI) has fallen to a 15 month low in December 2015, plunging to way below the 50 line that marks the difference between contraction and expansion. This is the lowest since October 2013. But note that this is heavily impacted by the shutdown of various factories in Chennai due to the floods in early December.

 

PMI 

This is not isolated:

Expect far more volatility ahead, especially if there’s war in the Middle east.