Yearly SBI Composite Index For November 2019 Shows Marginal Improvement

The yearly SBI Composite Index for November 2019 has improved marginally to cross the 50-benchmark and is at 50.8(Low Growth) compared to 49.80 (Low Decline) in October 2019. While, the monthly SBI Composite index continue to decline from Sep'19 and is at 49.96 (Low Decline) in November 2019 compared to 50.83 (Low Growth) in October 2019. The SBI Composite Index, a leading indicator for manufacturing activities in the Indian economy aims to foresee the periods of contraction and expansion. The Composite Index has mainly two indices, i.e. SBI Monthly Composite Index and SBI Yearly Composite Index.

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