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Indian factory growth slows to three-month low in May as new orders soften

Indian factory growth cooled in May as new orders expanded at a more modest pace, but manufacturers were able to raise prices slightly. The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, fell to 51.6 in May from April's 52.5, marking its fifth month above the 50 level that separates growth from contraction. Output expanded at the softest pace since February but remained moderate. The new orders sub-index, which reflects both domestic and foreign demand, fell to 52.6 from 53.8 in April. Export orders contracted for the first time in four months, albeit marignally. Join us for recommendation on share market and to make more money trading go through our website from here link below and let us to know you more: http://www.ripplesadvisory.com/nifty-future-.php

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