Indian factory output recovers well…..

first_img KCS-content Tags: NULL Show Comments ▼ INDIAN industry continues to grow after suffering a decline in 2009, data accrued by HSBC revealed yesterday.In November industry growth rose to above the long-run average, accelerating for the second successive month.The Purchasing Managers Index (PMI) jumped to 58.4 in November, up from 57.2 in October.The volume of new orders and export business also grew, the former reaching its strongest rate for four months.Yet employment in manufacturing was slightly down. Respondents to the survey cited workers leaving for higher wages in other areas.And inflation remains a problem, with output price inflation now sustained for over a year.“A spike in backlogs suggest tight capacity, which together with rising prices underscores the need for continued monetary policy tightening,” said Leif Eskesen, chief economist at HSBC. whatsapp Share whatsapp Indian factory output recovers well….. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Wednesday 1 December 2010 8:22 pmlast_img read more