India's factory output rises to 11-month high in November
India`s factory output in November rose to an 11 month high on the back of improved demand, according to the Nikkei India Manufacturing PMI.

India`s factory output in November rose to an 11 month high on the back of improved demand, according to the Nikkei India Manufacturing PMI.
The Nikkei India Manufacturing Purchasing Managers` Index (PMI) was recorded at 54 in November, up from 53.1 in October. This was the third consecutive monthly increase in the index.
It also said that manufacturing operating conditions in India strengthened for the third successive month in November as healthier inflows of new orders encouraged companies to lift production and input buying to greater extent than in October.
An index reading of above 50 indicates an overall increase in economic activity and below 50 indicates an overall decrease.
"The Indian manufacturing sector continued to recover from ground lost in August, with November seeing the headline PMI climb to an 11-month high," said Pollyanna De Lima, Principal Economist at IHS Markit and author of the report released on Monday.
She noted that the "relatively weak demand environment seen earlier in the year showed signs of abating, with clients unfazed by another round of increases in output prices and placing more orders regardless."
The Nikkei report said that "heated demand" put higher pressure on capacities, which was reflected in a renewed increase in outstanding businesses.
"Buoyed by stronger demand conditions and greater sales, manufacturers increased production at the second-quickest pace since October 2016," said the report.
It further observed that goods producers created jobs in November.
Watch This Zee Business Video Here:
#Exclusive | चुनाव से पहले राहत की बड़ी तैयारी ? कारोबारियों, ग्राहकों को सरकार देगी डिजिटल राहत..क्या है पूरी खबर जानिए प्रकाश प्रियदर्शी से। @priyadarshi108 @davemansi145 pic.twitter.com/oR7pFF8fML
— Zee Business (@ZeeBusiness) December 3, 2018
"The increase in employment softened slightly since October, but was nonetheless among the fastest seen in six years," it said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

Retirement Planning: How one-time investment of Rs 10,00,000 can create Rs 3,00,00,000 retirement corpus

New Tax Regime vs Old Tax Regime: How much tax will you pay if your annual income is Rs 5 lakh, Rs 9 lakh, Rs 13 lakh, Rs 19 lakh, and Rs 25 lakh?

Power of Rs 8,000 SIP: In how many years you can build Rs 9 crore corpus with just Rs 8,000 monthly investment

Monthly Salary Calculations: Is your basic salary Rs 24,500, Rs 53,000, or Rs 81,100? Know how much total salary central government employees may get

444-Day Special FDs: How much will you earn by investing Rs 5 lakh and Rs 7 lakh in SBI, Indian Overseas Bank, and Federal Bank fixed deposit schemes?

Power of Compounding: How long it will take to build Rs 8 crore corpus with Rs 7,000, Rs 11,000 and Rs 16,000 monthly investments
07:11 PM IST