Asia’s third largest economy, India’s factory output
rose at its fastest rate in nearly two years in November, with consumer goods
leading the way, a survey says.
According to HSBC survey, India’s purchasing
managers index (PMI) rose to 53.3 points from 51.6 in the previous month, the
highest figure recorded since February 2013.
In the survey, which is seen as a harbinger of
industrial expansion and economic health, a reading of more than 50 points
suggests expansion while anything below indicates contraction.
"Manufacturing operating conditions in India
improved for the thirteenth month in a row in November, supported by stronger
growth of output and new work intakes," said HSBC in a report.
However, the bank cautioned that inflationary
pressures had intensified in November after three months of easing.
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