Pvt sector growth set to cool in Nov: Flash PMI

Growth in India’s private sector business activity, as seen in the Flash Purchasing Managers’ Index (PMI), eased to 59.9, down from a final reading of 60.4 in October, according to data released by S&P Global on Friday.

- Auhona Mukherjee

Reading still remains above the 50-point threshold.

(REUTERS)

If the index is 59.9 when finalised, it would be the lowest since May, when it was 59.3.

The slowdown in November was mainly on account of a slowdown in the manufacturing sector, which pulled down overall output and new orders.

To be sure, the November Flash PMI reading was above the 50-mark, which indicates expansion over the last month. The final reading for the index has remained above 50 for four years now.