You are here: Home » News-CM » Economy » News
Business Standard

India Manufacturing PMI Spikes, Sales Accelerate

Capital Market 

India's manufacturing Purchasing Managers Index or PMI rose at the fastest pace in 10 months in November. Manufacturing PMI increased at 57.6, which is a jump from 55.9 in October. The manufacturing sector continued its strong expansion in November as sales accelerated and production saw the fastest upturn in nine months, IHS Markit India said.

Input buying was scaled up by companies which led to the second-quickest accumulation in stocks of purchases since data collection started nearly 17 years ago, it said. Domestic hiring activity also saw an improvement, after three successive months of downturn. Manufacturers stated that strengthening demand, improving market conditions and successful marketing boosted sales in November. Factory orders rose for the fifth successive month and at a sharp pace that was the fastest since February.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, December 01 2021. 11:58 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU