Indian HSBC Manufacturing PMI Final (Mar) 53.9 vs. Exp. 55.4 (Prev. 56.9)

The final print of the Indian HSBC Manufacturing PMI at 53.9 indicates a notable miss against expectations of 55.4 and a decline from the previous month’s 56.9.

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Indian HSBC Manufacturing PMI Final (Mar) 53.9 vs. Exp. 55.4 (Prev. 56.9)

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This may raise concerns about slowing manufacturing momentum in India, which could have implications for economic growth and influence future monetary policy decisions, particularly in a context of already cautious global growth.

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