Manufacturing PMI steadies in May on increased orders despite inflation

PMI manufacturing was recorded at 54.6 in May, a minor change from 54.7 in April

India’s manufacturing sector growth steadied in May on the back of rising international orders despite an increase in prices. 

The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) was recorded at 54.6 in May, a minor change from 54.7 in April. New orders and production continued to rise at the pace registered in April.

A print above 50 indicates expansion, while a score below 50 suggests a contraction.

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“The above-50.0 reading was the eleventh in as many months and consistent with a solid improvement in