The change in consumer behavior due to job and income uncertainties could add to the woes of the services sector even after the lockdown ends
This is the largest month-to-month contractions in business activity and new orders since data collection began over 14 years ago in April, according to the latest PMI data.
The March numbers had provided a glimpse of how bad things were, but the April data can only be described as horrific.
The PMIs for the Philippines and China give us a glimpse of the future
The Nikkei Purchasing Managers’ index for November shows a buoyant Indian economy
The HSBC India Manufacturing Purchasing Managers' Index (PMI) for the manufacturing industry stood at 49.6 in September, higher from 48.5 in August, but remained below the crucial 50 mark for the second consecutive month.
HSBC's business activity index or services PMI, rose to 52.8 in April from 52.3 in March, while yesterday, the bank released manufacturing purchasing managers index which inched up to 54.9 in April, from 54.7 in March.