Economics
Economic Indicators Flash Early Warning Sign for India’s Rebound
- Composite PMI index slipped in December from 59.2 in November
- Exports, bank credit demand were the bright spots last month
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India’s economic momentum remained stable in December even as the first signs of slowing output growth appeared across some industries.
That’s the reading from the overall activity tracker comprising eight high-frequency indicators compiled by Bloomberg News. While the needle on a dial measuring the so-called ‘Animal Spirits’ stayed unchanged at 5 for a seventh month, top producers across consumer durables and automobiles signaled weakness as the year wound down.