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Economy

April Manufacturing PMI at 54.9

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HSBC-Markit’s Purchasing Manager’s Index (PMI) for April 2012 came in at 54.9, marginally higher than the 54.7 in March.

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PMI is a better indicator than IIP, but this data isn’t hugely positive or negative. We’ll wait for the services and composite PMI data to come in tomorrow.

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