Updated
Updated · Bloomberg · Jun 23India’s June Flash PMI Slips to 57.4 as Cost Pressures and Demand Softening Weigh
3 articles · Updated · Bloomberg · Jun 23Summary
- India’s composite flash PMI fell to 57.4 in June from 59.3 in May, signaling slower economic activity this month.
- HSBC’s survey pointed to cost pressures and softer demand as the main drags on businesses.
- Both manufacturing and services weakened in June, showing the slowdown was broad-based rather than confined to one sector.
Insights
As the Middle East crisis hits oil prices, is India's economy too vulnerable to global shocks? Can India's central bank tame soaring inflation without derailing its economic growth story? Will new trade deals offset the economic damage from soaring global energy and commodity costs?