India's manufacturing PMI falls to 56.5 in November
after close1 source ↓written by the desknot a recommendation
- in November
- 56.5
- in October
- 57.5
- but still indicating
- 11-month low
India’s manufacturing PMI declined to 56.5 in November from 57.5 in October, marking an 11-month low but still indicating sector expansion. Despite robust demand, rising input costs, particularly for chemicals and rubber, pressured manufacturers to increase output charges, the steepest rise since October 2013. This suggests potential inflationary impacts on consumer prices.
Not investment advice. For informational purposes only.