54.3: India's HSBC Manufacturing PMI declines in May
The preliminary reading of India’s HSBC Manufacturing Purchasing Managers Index (PMI) declines to 54.3 in May versus 54.7 prior, the latest data published by S&P Global and HSBC Bank showed on Thursday.
The India’s HSBC Services PMI rose to 58.9 in May from the previous reading of 58.8, while the Composite PMI eased to 58.1 in May versus 58.2 prior.
Market reaction
At the press time, the USD/INR pair is down 0.15% on the day to trade at 96.40.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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