New Delhi, Dec 1 || India’s manufacturing industry registered another round of impressive growth, with total new orders and output again expanding at above-trend rates, according to the HSBC India Manufacturing Purchasing Managers’ Index (PMI) released on Monday.
Registering 56.6 in November, the seasonally adjusted PMI – a single-figure indicator of sector performance – was comfortably above the neutral mark of 50.0 and its long-run average of 54.2, according to data released by S&P Global.
Falling from 59.2 in October, however, the latest figure highlighted the slowest improvement in operating conditions since February, the report mentioned.
Inflation rates receded in November, with input costs and selling charges rising at the slowest rates in nine and eight months, respectively.