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Briefly Business: Manufacturing PMI rises,but demand weakens

Suggesting that the manufacturing sector remains in an expansion zone,HSBC manufacturing Purchasing Managers’ Index for India rose to 55 in June from 54.8 in May

Written by Press Trust Of India | Published: July 3, 2012 2:15:23 am

Manufacturing PMI rises,but demand weakens

Mumbai: Suggesting that the manufacturing sector remains in an expansion zone,HSBC manufacturing Purchasing Managers’ Index for India rose to 55 in June from 54.8 in May,led by a higher output index. However,the details were not very encouraging. Both the new export orders (54.3 in June against 56.2 in May) and domestic new orders (58.5 against 59.6) indices fell,suggesting that domestic and external demand remains subdued.

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