India News

The latest manufacturing survey shows a slight improvement in November from an appalling 2-year low a month ago
Writer Admin

The country's manufacturing sector activity inched up in November, but the upturn remained subdud as growth rates for new orders as well as production were modest, a monthly survey said on Monday. The IHS Markit India Manufacturing PMI rose to 51.2 in November from 50.6 in October, when it had fallen to a two year low, indicating only a slight improvement in the health of the sector.

 

Although business conditions in the Indian manufactring sector improved in November, the rise. however, remained subdued compared to earlier this year and the survey history, the study said.