Indian manufacturing sector continues to power ahead in November: Nikkei India Manufacturing PMI


Indian manufacturing sector continues to power ahead in November: Nikkei India Manufacturing PMI

Nikkei India Manufacturing PMI rises for the third consecutive month to 54.0 in November 2018 Manufacturing operating conditions in India strengthened for the third successive month in November, as healthier inflows of new orders encouraged companies to lift production and input buying to greater extents than in October.

Cost inflation moderated, but the revival in demand translated into improved pricing power among producers who raised their charges at a quicker rate. Elsewhere, job creation was sustained while sentiment picked up.

The Nikkei India Manufacturing Purchasing Managers Index (PMI) rose for the third consecutive month in November, up from 53.1 in October to 54.0. The latest figure signalled the strongest improvement in the health of the sector in almost one year.

Buoyed by stronger demand conditions and greater sales, manufacturers increased production at the second-quickest pace since October 2016. Read More

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