Monday, 1 July 2013

Indian industry: new orders weak | beyondbrics

"For the 55th month straight, the official manufacturing purchasing managers’ index (PMI) for India indicated slight growth, with a figure marginally above the no-change threshold of 50.

But dig below the headline figure, and the news is bleak for the Indian economy.

The Manufacturing PMI for the month of June came in at 50.3, up slightly from 50.1 in May.
"

'via Blog this'

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