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India Composite PMI Surges Further Back
(16:50, 03 Dec 2021)
The seasonally adjusted India Services Business Activity Index stood at 58.1 in November, down only fractionally from 58.4 in October, pointing to the second-fastest rise in output since July 2011. According to monitored companies, the upturn reflected sustained increases in new work and ongoing improvements in market conditions. Although business confidence improved to a three-month high in November, the overall level of positive sentiment was well below its long-run average. The Composite PMI Output Index - which measures combined services and manufacturing output jumped from 58.7 in October to 59.2 in November, signalling the strongest upturn since January 2012.

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