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Indian HSBC Manufacturing PMI Flash (Jan) 56.8 (Prev. 55)

Newsquawk Staff ·

Indian HSBC Manufacturing PMI Flash (Jan) 56.8 (Prev. 55)

What it means

The flash PMI reading for India's manufacturing sector coming in at 56.8, up from 55, suggests a stronger expansion in activity than previously indicated. This positive momentum could bolster sentiment around economic growth in India, potentially impacting policies regarding rates and the currency as markets assess its implications for inflation and overall economic health.

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