New orders decelerated in May, output accelerated slightly: HSBC
Leif Eskesen, HSBC speaks to NDTV about India's manufacturing sector which kept up its steady expansion in May. The HSBC manufacturing Purchasing Managers' Index (PMI), compiled by Markit, slipped marginally to 54.8 in May from 54.9 in April. According to HSBC PMI index, fast-rising output was evened out by slowing growth of domestic order books.
