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Chart of the day | Market ignores good news, for good reason

The IHS Markit India Composite PMI for July at eight-month high

August 05, 2019 / 02:36 PM IST
Chart of the day | Market ignores good news, for good reason

The IHS Markit India Composite Purchasing Managers Index, a seasonally adjusted gauge of private sector economic activity in both the manufacturing and services sectors, came in at a robust 53.9 for July 2019, indicating a sharp rebound from June’s reading of 50.8. That suggests the worse of the slowdown may be behind us. A reading of above 50 indicates expansion from the previous month. Both the manufacturing and service sector PMIs saw a jump from the previous month. While the...

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