Mint Quick Edit | PMI data’s told-you-so moment: It has been tracking a factory resurgence
The HSBC India Manufacturing PMI, compiled by S&P Global, rose to a four-month high of 56.9 in February. A reading above 50 indicates expansion in activity while one below points to contraction. While China’s index has been in a long slump, India’s has been in expansion zone by several points for a comfortable stretch.
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