The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) declined from 52.6 in March to 51.8 in April. However, one bright spot in the April PMI reading was exports, which expanded at a slightly quicker pace than in March. Not just in India, exports have shown improvement, although moderately, in other emerging nations as well. According to the PMI survey, South East Asian companies saw the improvement in new export sales for the first time since July 2018. Global growth is softening, which could weigh on new export orders.

Source: Mint May 02, 2019 11:03 UTC