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The HSBC HOLDINGS manufacturing PMI for February is 56.3, the lowest level in 14 months.
In February, India's HSBC HOLDINGS manufacturing PMI was 56.3, marking a 14-month low. The final value of the manufacturing purchasing managers' index (PMI) was 56.3, down from the previous month's 57.1, hitting the lowest level in 14 months. The services PMI for the same month also decreased from 61.1 to 59.0. Meanwhile, due to the easing of inflation rates, authorities are expected to implement additional monetary easing measures.