ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconIcon FacebookIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Nikkei PMI

India manufacturing sector shows continued strength in November

TOKYO -- India's manufacturing sector strengthened for the third successive month in November, driven by healthier inflows of new orders.

The Nikkei India Manufacturing Purchasing Managers Index, or PMI, increased to 54.0 in November from 53.1 in October. Readings above 50 point to expansion, while those below 50 indicate contraction.

Stronger demand conditions and greater sales led to manufacturers increasing production at the second-quickest pace since October 2016.

"“Manufacturers further drew down their finished goods stocks to meet demand," said Pollyanna De Lima, Principal Economist at IHS Markit and author of the report.

"This, coupled with improved business sentiment, should ensure that production continues to rise at a robust clip as we head towards 2019." 


For more information, visit here.

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

{{sentenceStarter}} {{numberReadArticles}} free article{{numberReadArticles-plural}} this month

Stay ahead with our exclusives on Asia; the most dynamic market in the world.

Benefit from in-depth journalism from trusted experts within Asia itself.

Try 3 months for $9

Offer ends September 30th

Your trial period has expired

You need a subscription to...

See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

See all offers
NAR on print phone, device, and tablet media