PMI Update | 23 October 2026: India & Global Markets
PMI Update | 23 October 2026: India & Global Markets 🇮🇳 India: Growth Improves - Composite PMI rose to 56.7 from 55.9. - Services PMI rose to 56.2, while Manufacturing PMI slipped to 54.9. - Cost pressures eased, but hiring remained weak. Global: Mixed Signals - Japan Manufacturing PMI fell to 53.3 from 54.1, while Services PMI improved to 52.0. - US and European PMI data are awaited. Potential Market Impact - Indian Stocks: Better business activity may support company earnings, but weak hiring and slower manufacturing need attention. - Rupee & Bonds: Lower cost pressures may help, but oil prices and US interest rates also matter. - Global Stocks: Growth supports earnings, but high inflation may keep interest rates elevated. My Takeaway : India’s growth looks healthy, but hiring and manufacturing need watching. US and European data could influence global markets next. PMI above 50 means business activity is growing. Market reactions also depend on expectations and other ...