India's manufacturing PMI falls to 56.5 in November
pre-market1 source ↓written by the desknot a recommendation
- in October
- 57.5
India’s manufacturing sector showed resilience in November, with the PMI at 56.5, down from 57.5 in October. Despite input cost inflation reaching its highest since July, the PMI indicates continued sector expansion above the 50-mark. However, rising costs for chemicals and cotton are pressuring manufacturers to increase output charges, impacting profitability.
Not investment advice. For informational purposes only.