On The Rise!

The Indian manufacturing sector recorded its strongest improvement in business conditions for 13 months, recording marked and accelerated increases in output and new orders.

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The Indian manufacturing sector recorded its strongest improvement in business conditions for 13 months, recording marked and accelerated increases in output and new orders. Furthermore, manufacturing companies observed a renewed increase in new export orders during November. On the job front, greater production requirements led to the fastest rate of employment creation since September 2012. Meanwhile, there was a pickup in inflationary pressures, with input costs increasing to the greatest extent since April.

At 52.6 in November, the Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rose from 50.3 in October. This indicated a substantial improvement of operating conditions in India’s manufacturing sector. At the broad market group level, growth in consumer and intermediate goods offset a marginal deterioration in investment goods category.