China’s purchasing managers’ indices in March provided more evidence that parts of the economy are gaining momentum in the first quarter, but analysts remained cautious about a long-term recovery.
'The pace of acceleration in the output of India’s manufacturers and service providers, combined, was at a seven-month high in February. New export orders rose sharply, particularly for goods producers,' said Pranjul Bhandari, chief India economist at HSBC
The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 56.9 in November to 59 in December, highlighting a sharp increase in output that was the most pronounced since September