Economic Buzz: Indias Manufacturing PMI At 54.6 In May

1 Jun 2022 , 11:33 AM

Manufacturing sector growth in India steadied in May, with new orders and production increasing at similar rates to those registered in April. At 54.6 in May, little-changed from 54.7 in April, the seasonally adjusted S&P Global India Manufacturing Purchasing Managers Index (PMI) pointed to a sustained recovery across the sector. The above-50.0 reading was the eleventh in as many months and consistent with a solid improvement in operating conditions. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The indices are then seasonally adjusted.Powered by Commodity Insights