Manufacturing PMI rises in Nov on easing prices

The manufacturing sector gathered momentum in November on the back of demand increase and easing of pricing pressure as the Purchasing Managers Index (PMI) climbed to 56, the survey released by S&P Global showed on Friday.

- SHIVA RAJORA

The PMI rebounded from October's eight-month low of 55.5.

"After slowing in October, growth of output gathered pace as strengthening client demand and more favourable input supply boosted production volumes. Inflationary pressures retreated. Charges rose modestly, as the vast majority of firms opted to leave their fees unchanged since October.

Manufacturers that hiked their fees, which were fewer than 7 per cent of panellists, mentioned demand strength, greater labour costs and the usage of higher-quality inputs in production processes," the global credit agency's report notes.