India's May PMI shows steady growth despite challenges
after close1 source ↓written by the desknot a recommendation
- largely unchanged
- 58.1
India’s private sector activity remained stable in May, with the manufacturing PMI at 54.3 and the services PMI at 58.9. The composite PMI was largely unchanged at 58.1. Despite resilient services growth, manufacturers faced rising input costs and slowing demand amid global energy disruptions, indicating mixed economic signals for traders.
Not investment advice. For informational purposes only.