HSBC says India's manufacturing outpaced China's in May.
Global Banking News-June 6, 2014--HSBC says India's manufacturing outpaced China's in May
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Global Banking News - 06 June 2014
According to a latest report by HSBC Holdings (LSE: HSBA), India's manufacturing and services growth outpaced China's in May.
The HSBC Emerging Markets Index increased to 50.6 in May from 50.4 in April, indicating weak output growth across global emerging markets. The manufacturing and services sectors in India expanded at a faster rate than China's in May even as emerging market output remained low.
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