Manufacturing makes a weak recovery in November: PMI
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New Delhi, Dec. 2 -- India's troubled manufacturing sector made a slight recovery in November, having hit a two-year trough in October, but shed jobs in the face of challenging economic conditions, according to a private survey.
The headline seasonally adjusted IHS Markit India manufacturing purchase managers' index (PMI), based on a survey of 400 producers, rose to 51.2 in November from the two-year low of 50.6 in October, the market information supplier said in a statement on Monday. A figure above 50 indicates expansion, while a sub-50 reading indicates contraction. The survey tracks new orders, output, jobs, suppliers' delivery time and stocks of purchases.
The latest reading indicated only a slight improvement in the health of the ...
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