India’s May PMI shows steady growth despite challenges
pre-market1 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 services PMI at 58.9. Despite rising input costs and slowing demand, the composite PMI was largely unchanged at 58.1. This indicates ongoing expansion, although growth has moderated amid global energy disruptions.
Not investment advice. For informational purposes only.