The Nikkei Manufacturing PMI (Purchasing Managers' Index) is an estimate of manufacturing activity based on a survey of company managers. A score of above 50 indicates expansionary activity and below 50 indicates contraction.
The estimate of India's manufacturing growth comes from the Central Government's statistical organization.
Back in July 2018 I had noted what seemed to be a small divergence between the two measures. Now in March 2019, it seems rather clear that there is a divergence.
The estimate of India's manufacturing growth comes from the Central Government's statistical organization.
Back in July 2018 I had noted what seemed to be a small divergence between the two measures. Now in March 2019, it seems rather clear that there is a divergence.
