India factory activity in November hits 3-month high as inflation cools: PMI survey
The reading was comfortably above a Reuters poll median forecast of 55.0 and the 50-level separating growth from contraction.
India's factory activity expanded at its fastest pace in three months in November, demand despite deteriorating global economic conditions, according to a private survey. The Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 55.7 last month compared with 55.3 in October, marking the seventeenth successive month of expansion in manufacturing production across India. The reading was also above a Reuters poll median forecast of 55.0.
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