S&P India Manufacturing PMI falls to 54 in March; slowest output growth since September 2021
The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) fell to 54 in March from 54.9 in February, with both production and sales growing at the slowest pace in six months and inflation concerns driving down firms’ business confidence to the lowest level in two years. A reading of 50 on the PMI indicates no…Continue Reading