July Manufacturing PMI: India's Growth vs. China's Decline
July Manufacturing PMI Insights
The latest data from the Manufacturing Purchasing Managers' Index presents a clear juxtaposition between India and China.
In July 2023, India's PMI, compiled by S&P Global, recorded 58.1, reflecting robust growth compared to June's 58.3.
China's Decline
Conversely, China's Caixin/S&P Global manufacturing PMI decreased to 49.8, declining from June's 51.8. This marks the lowest PMI for China since October of the preceding year.
Conclusion
The divergent trends in manufacturing PMI between India and China suggest varying economic health, with India continuing to display strength while China's industry faces significant contraction.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.