India's PMI decline signals ETF impact amid Iran tensions
India's HSBC flash Composite PMI dropped to 56.5 in March, missing estimates, driven by weak domestic demand despite rising export orders. This slowdown may impact investor sentiment towards India ETFs amid ongoing tensions in the region.
after close1 source ↓written by the desknot a recommendation
- in March
- 56.5
- in February
- 58.9
- a PMI
- 53.8
- services cooled
- 57.2
India’s HSBC flash Composite PMI fell to 56.5 in March from 58.9 in February, missing estimates. This slowdown reflects weak domestic demand despite a surge in export orders. Manufacturing activity weakened with a PMI of 53.8, while services cooled to 57.2, marking the slowest expansion since January 2025. 📉
The decline in PMI could influence investor sentiment towards India ETFs, particularly amid ongoing geopolitical tensions in the region, potentially impacting market performance.
Not investment advice. For informational purposes only.