Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

November PMI at a 3 Month High

5 Dec 2011Deepak Shenoy1 min read

Quick Facts

What is "November PMI at a 3 Month High" about?
What category is this article in?: Economy
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 5 December 2011.
How long does this article take to read?: 1 min read
What topics does this article cover?: Inflation, Macro

India’s Purchasing Manager’s Index (PMI) accelerated to a three month high in November 2011 to 52.3, from October’s 50.3. (This is a composite index, a mix of Services and Manufacturing PMIs)

PMI for Manufacturing for Nov 2011 on the other hand, has fallen to 51.0, down from October’s 52.0.

Input costs and output prices are still going up, which means inflation stays elevated. Employment continues to fall, it seems.

China, on the other hand has fallen below 50 (Composite PMI).

Tagged:Inflation Macro