India's Composite PMI drops to 6-month low
The Nikkei India Composite PMI Output Index, which maps both manufacturing and services sectors, dropped to a six-month low of 50.9 in May, from 52.8 in April. Meanwhile, the Services Business Activity Index, fell from 53.7 in April to 51.0 in May, pointing to a marginal expansion in business activity which has been the weakest since last November.