actual 57.7, previous 59.2
The HSBC Composite PMI (Purchasing Managers' Index) for India in January was reported at 57.7. This indicates a decrease of 1.5 points from the previous month's value of 59.2. The Composite PMI measures the business activity in both the manufacturing and services sectors.
With an impact level of "Low," this event suggests a slight slowdown in economic activity in India compared to the previous month. The actual value of 57.7 was slightly below the market expectation of 57.9, showing a decrease of 2.534% from the estimated value.
Overall, this data point provides insight into the health of the Indian economy, indicating a moderate level of growth in business activities during the reported period.