CEE manufacturing strengthens, but India suffers

Markit’s aggregate emerging market manufacturing PMI dropped back in May as new virus waves took a toll on some countries, notably India, although they suggest that the manufacturing recovery in Central and Eastern Europe (CEE) continued strongly. Meanwhile, there are growing signs of supply shortages creating upward pressure on prices, particularly in Central Europe and Emerging Asia.
Kimberley Sperrfechter Assistant Emerging Markets Economist
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