India's manufacturing PMI rises amid fragile recovery
India’s manufacturing PMI increased to 54.7 in April from 53.9 in March, indicating ongoing expansion for 54 months. However, growth remains subdued amid geopolitical uncertainties affecting costs and competition.
pre-market1 source ↓written by the desknot a recommendation
- of expansion
- 54 consecutive months
India’s manufacturing sector showed signs of recovery in April, with the HSBC India Manufacturing PMI rising to 54.7 from 53.9 in March. This marks 54 consecutive months of expansion, despite remaining below earlier estimates and indicating one of the slowest growth rates in nearly four years. Geopolitical uncertainties continue to exert cost pressures on manufacturers.
Not investment advice. For informational purposes only.