India’s manufacturing sector records highest production growth in November after nine months
The Hindu
Factory orders rise for fifth successive month at fastest pace since February.
India’s manufacturing sector recorded the highest production growth in nine months in November, as per the survey-based IHS Markit India Manufacturing Purchasing Managers’ Index (PMI), which rose to 57.6 from 55.9 in October.
A reading of 50 on the PMI indicates no change in economic activity levels. The November PMI signals the strongest improvement in the health of the manufacturing sector for ten months, with factory orders rising for the fifth successive month at the fastest pace since February. The long-run PMI average for India is 53.6.
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