Slow business inflows affect Indias manufacturing PMI in June
The Dollar Business Bureau The health of Indian manufacturing economy improved in June, but output growth eased on the back of a weaker rise in new business inflows, said an economic survey report released on Wednesday. Workforce numbers remained unchanged during the month, thus, reflecting companies’ efforts to keep expenses stable. However, inflation rates softened with both input costs and output charges rising at below-trend rates, noted the Markit Economics report. Notably, the survey said, “India’s Manufacturing Purchasing Managers’ Index (PMI) fell from 52.6 in May to 51.3 in June, continuing ‘above the 50.0 no-change index mark’ for the twentieth successive month.” Incoming works expanded at a modest pace in June 2015 recording a weakest pace since September 2014 and work ...
