Graphic by Prajakta Patil/Mint The HSBC Manufacturing Purchasing Managers’ Index (PMI) for March came in at 52.1, rising from 51.2 in February. Although growth is modest, its pace is better than the Asian economies for which manufacturing PMIs are available. A PMI higher than 50 indicates expansion from the previous month, while one below 50 denotes contraction. The Chinese, Indonesian and South Korean manufacturing sectors contracted last month.
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