Economic Buzz: India Manufacturing Growth Weakens In May

India Nikkei manufacturing Purchasing Managers Index, or PMI, fell to 51.2 in May from 51.6 in April, survey data from IHS Markit showed Friday. However, any reading above 50 indicates expansion in the sector. Among components, output, new orders and employment all increased at slower rates in May. Meanwhile, new export orders grew at the strongest pace in three months amid reports of greater demand from international markets. On the price front, inflationary pressures intensified with both input and output prices rising at the fastest pace since February.