Indian HSBC Manufacturing PMI Flash (Jan) 55.4 vs. Exp. 56.8 (Prev. 55)
Newsquawk Staff ·
Indian HSBC Manufacturing PMI Flash (Jan) 55.4 vs. Exp. 56.8 (Prev. 55)
What it means
The Indian HSBC Manufacturing PMI flash reading of 55.4 falling short of expectations at 56.8 suggests a slight deceleration in manufacturing activity compared to previous months. While this still indicates expansion, the miss relative to expectations could raise concerns about the sustainability of growth, impacting market sentiment and potentially influencing monetary policy discussions.
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