India's Manufacturing PMI return to growth

[Rajesh Desai]

Dear Sir/Madam,

 

 

Indian’s manufacturing activities returned to growth in November 2013 as a strong rise in new orders pushed factories to step up production. The HSBC Manufacturing Purchasing Managers’ Index (PMI), compiled by Markit, rose to 51.3 in November from October's 49.6. The PMI index is the highest since March and marks its first time above the watershed level of 50 that divides growth from contraction in four months. The new orders sub-index rose to 51.9 in November, its highest since April. In October it shrank to 48.9.

 

Key points

·         PMI rises from 49.6 in October to 51.3

·         Output increases for first time in seven months, as new orders rise

·         Modest growth of input buying

 

 

 

 

 

Regards,

 

Team Microsec Research

 

 

 

Microsec Capital Limited

Tel: 91 33 30512100

Fax: 91 33 30512020

 

--
CA. Rajesh Desai