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Manufacturing PMI Tumbles After Rebound In June; Business Optimism Improves

Manufacturing PMI for the month of July tumbled to 46 highlighting the impact of localized lockdowns being imposed to curb the spread of the virus. For the June month, the figure came in at 47.2. Though levels below 50 indicate contraction ...

India's private sector output dips for 7th straight month

India's private sector output contracted for the 7th straight month, an HSBC Services PMI showed. "Up from 48.1 in December to 49.6 in January, the seasonally adjusted HSBC India Composite Output Index indicated a seventh consecutive monthly drop in private ...