India's August Manufacturing PMI Falls to 52.9 as Activity Stays Subdued
Updated
Updated · Bloomberg · Aug 21
India's August Manufacturing PMI Falls to 52.9 as Activity Stays Subdued
3 articles · Updated · Bloomberg · Aug 21
Summary
India’s flash August PMI data showed activity stayed subdued, with manufacturing slowing even as the overall private-sector gauge edged up to 54.6 from 54.3.
Manufacturing PMI fell to 52.9 from 53.5 in July, signaling weaker factory momentum as a key drag on the economy this month.
Services PMI rose to 54.5 from 53.3, offsetting some of that weakness and helping keep the composite index in expansion territory.
The marginal composite increase follows July’s reading, which had marked a more than four-year low, underscoring how fragile the recovery remains.