Activity levels across India’s private sector are seeing a modest uptick this month, even as cost pressures have surged to a 16-month high for both services and manufacturing players, compelling them to raise prices charged to customers at a pace not seen since February 2013, as per the HSBC Flash India Purchasing Managers’ Index. The Flash PMI is an early …
India’s manufacturing sector recorded the strongest production expansion in nine months in November, with the survey-based IHS Markit India Manufacturing Purchasing Managers’ Index climbing to 57.6, from October’s 55.9. 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 10 months, with …
