52.9: India's HSBC Manufacturing PMI falls in August
The preliminary reading of India’s HSBC Manufacturing Purchasing Managers Index (PMI) declined to 52.9 in August versus 53.5 prior, the latest data published by S&P Global and HSBC Bank showed on Friday.
India's HSBC Manufacturing PMI dropped to 52.9 in August, down from 53.5 the previous month, according to data released by S&P Global and HSBC Bank. Meanwhile, the HSBC Services PMI rose to 54.5 in August, up from 53.3 in the prior period, as did the Composite PMI, which increased to 54.6 in August from 54.3 in the previous month. The India's HSBC PMI figures for August are expected to have minimal impact on the Indian Rupee.
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