In India the manufacturing activity during the month of May was not
in a speed like the previous month as confirmed in a survey on
Wednesday. However the output in the entire month was strong. It showed the basic strength in business conditions.
The seasonally adjusted HSBC Purchasing Managers' Index in the May was less than the month of April. It was 58.0 in April but in May it was 57.5. The index was prepared by Markit. But it is known that the figure above 50 refers to the growth.
Leif Eskesen, chief economist for India and Asean at HSBC has stated that the momentum in the manufacturing sector eased in May. This was due to the sequential growth in output and orders
Read More
The seasonally adjusted HSBC Purchasing Managers' Index in the May was less than the month of April. It was 58.0 in April but in May it was 57.5. The index was prepared by Markit. But it is known that the figure above 50 refers to the growth.
Leif Eskesen, chief economist for India and Asean at HSBC has stated that the momentum in the manufacturing sector eased in May. This was due to the sequential growth in output and orders
Read More
No comments:
Post a Comment