India's Manufacturing PMI Rises

• 05 Dec 2023

The manufacturing sector in India showed signs of recovery in November from October's eight-month low pace, with the S&P Global India Manufacturing Purchasing Managers' Index (PMI) rising to 56 from 55.5. However, the growth of export orders was the slowest since June.

• PMI data are compiled by S&P Global for more than 40 economies worldwide.
• The PMI dataset features a headline number, which indicates the overall health of an economy, and sub-indices, which provide insights into other key economic drivers such as Gross Domestic Product (GDP), inflation, exports, capacity utilization, employment and inventories.
  • The headline PMI is a number from 0 to 100.
    • A PMI above 50 represents an expansion when compared with the previous month.
    • A PMI reading under 50 represents a contraction while a reading at 50 indicates no change.

Read more: Purchasing Managers Index, Unleashing the Potential of India's Manufacturing Sector