The survey also notes that there was a substantial increase in the overall levels of new work received by Indian goods producers in November
According to the survey, growth eased in October due to competitive pressures despite an increase in new orders
The hiring activity and business confidence slipped to a five-month low in October, said S&P Global
The fall in PMI was primarily attributed to a softening in the number of new orders
'Sharp expansion' in international sales show companies' focus on international business, says survey
This marked a sustained expansion, with 26 months above the 50-mark separating growth from contraction, the longest stretch since March 2020 when pandemic-induced lockdowns were imposed
Manufacturers' output has increased continuously on a monthly basis since July 2021
Combined with manufacturing, output prices across the private sector increased at the sharpest pace in over a decade
Closing Bell on July 3, 2023: The S&P BSE Sensex settled at a fresh closing high of 65,205, soaring 486 points. The broader Nifty50, meanwhile, zoomed 141 points to 19,330
'Client interest' continues to support industry and helping growth of output and employment, it says
According to S&P Global, the overall level of business confidence rose to a six-month high in June
Business conditions in China's manufacturing industry, the largest in the world, improved in May, according to the Caixin manufacturing Purchasing Managers' Index
Last month's data points to 23-month rise in factory orders straight: Survey
Producers have 'abundant opportunities to keep powering ahead': S&P survey
The survey noted that the February data pointed to a consecutive twenty-month rise in manufacturing production
The manufacturing sector shrank 1.1% in the quarter year-on-year, the second straight contraction reflecting a weakness in exports
Companies increase input inventories by purchasing additional materials, but hiring remains unchanged broadly
The IIP manufacturing for November expanded to its highest in five months after a subdued performance in October 2022
Monday's data cemented the view Asia's third-largest economy is better placed than many other emerging economies to weather the impact of a potential global recession
The survey compiled by the rating agency - S&P Global, and released reflected an improvement in employment and purchases by factories