India PMI: Manufacturing sector growth falls to 5-month low in March
The Nikkei India Manufacturing Purchasing Managers Index (PMI), fell from 52.1 in February to a five-month low of 51.0 in March, indicating the slowest improvement in operating conditions recorded by the survey since last October.
In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction. Image source: Reuters