Manufacturing purchasing managers indexes (PMI) generally softened in June, but remained at historically elevated levels that point to sustained strong industrial growth over the next several months in most countries. Only PMIs in India, Indonesia, and the
Philippines look weak. Among these laggards, the recent stabilisation of India’s currency should combine with lower energy prices to improve business sentiment and activity. A key risk is that a continuation of much weaker than normal rains could lead to poor harvests and weaker rural income growth in India.

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Vis Nayar

Vis Nayar is the Chief Investment Officer and a member of the Executive Management Committee at Eastspring Investments. Vis spearheads Eastspring’s investment platform encompassing equities, fixed income, multi asset and quantitative solutions, and oversees investment offerings across markets.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.