India Composite PMI goes to 61 from 59.6 in Feb

HSBC India Composite PMI has gone to 61.0, up from January's 59.6. Services has strongly increased the PMI - the composite is a mix of the Manufacturing (last at 57.9) and services. Anything about 50 is expansion and below is contraction.


India Services PMI

HSBC India Manufacturing PMI: Up at 57.9

HSBC's India Purchase Managers' Index (PMI) is up to 57.9 from last month's 56.8. The PMI is an imageearly indicator, which quantifies the orders received by firms. India gets two PMIs - Manufacturing and Services.

PMI grows in Jan as well

Markit has released data on both the Manufacturing and Composite Purchase Managers' Index for Jan. They came in at 56.8 and  59.6 respectively.

HSBC India Manufacturing PMI HSBC India Composite Output PMI