India's private sector growth eases as PMI drops to 58.1
pre-market1 source ↓written by the desknot a recommendation
- falling
- 58.1
- in April
- 58.2
- activity slowed
- 54.3
- 55.9
- remained resilient
- 58.9
India's private sector growth eased in May, with the composite PMI falling to 58.1 from 58.2 in April. Manufacturing activity slowed to 54.3, down from 55.9, while services remained resilient at 58.9. This decline reflects the impact of the Middle East conflict and weaker export demand, signaling potential challenges for traders in the manufacturing sector. 📉
Not investment advice. For informational purposes only.