FOREX TradingCharts.com

Financial News: India Manufacturing Growth At 13-Month High

India Manufacturing Growth At 13-Month High

12/01/2017 - 00:21:00 (RTTNews)

(RTTNews) - India's manufacturing activity expanded at the sharpest pace in just over a year in November, driven by marked growth in both output and new orders, survey data from IHS Markit showed Friday.

The Nikkei manufacturing Purchasing Managers' Index, or PMI, climbed to 52.6 in November from 50.3 in October. Any reading above 50 indicates expansion in the sector.

Output grew at the fastest pace since October last year. A combination of higher order book volumes and a decrease in GST rates reportedly contributed to greater production.

Although weaker than the long-run average, new business growth accelerated to a 13-month high in November. New export orders increased for the first time in three months, though marginally.

Consequently, firms raised their payroll numbers numbers at the steepest rate since September 2012.

On the price front, input price inflation quickened to a 7-month high in November amid higher prices of chemicals, steel and petroleum products. Despite this, the rate of output charge inflation was marginal.

"The current phase of expansion led to business sentiment picking up as growth momentum seems likely to continue over the near-term," Aashna Dodhia, Economist at IHS Markit, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan M2 Money Stock Climbs 4.0% On Year In November (01 hr(s), 50 min(s), 27 sec(s) ago)
(RTTNews) - The M2 money stock in Japan was up 4.0 percent on year in November, the Bank of Japan ...Full Story»

New Zealand Credit Card Spending Jumps 1.4% In November (03 hr(s), 20 min(s), 27 sec(s) ago)
(RTTNews) - Overall credit card spending in New Zealand climbed a seasonally adjusted 1.4 percent ...Full Story»

Japan Machine Tool Orders Due On Monday (03 hr(s), 35 min(s), 27 sec(s) ago)
(RTTNews) - Japan will on Monday release preliminary November numbers for machine tool orders, hig ...Full Story»

New Zealand Credit Card Spending Rises 1.4% In November (03 hr(s), 50 min(s), 27 sec(s) ago)
(RTTNews) - verall credit card spending in New Zealand was up a seasonally adjusted 1.4 percent on ...Full Story»

BRAZIL: Ibovespa Rises, But Worries Remain About Pension Reform (12 hr(s), 56 min(s), 27 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, closed up 0.33% at 72,731.84 points Fri ...Full Story»

VALE: It Is Impossible To Know When Samarco Will Resume Activity, Says CEO (13 hr(s), 17 min(s), 27 sec(s) ago)
(RTTNews) - More than two years after the break of a Samarco dam in Brazil caused one of the worst ...Full Story»

China Consumer Inflation Slows More Than Forecast In November (16 hr(s), 47 min(s), 27 sec(s) ago)
(RTTNews) - China consumer inflation slowed more than forecast in November, driven by a decline in ...Full Story»

China Consumer Inflation Slows In November (18 hr(s), 08 min(s), 27 sec(s) ago)
(RTTNews) - China consumer inflation slowed more than forecast in November, the National Bureau of ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan M2 Money Stock Climbs 4.0% On Year In November

12/10/2017 - 19:18 PM (RTTNews)
(RTTNews) - The M2 money stock in Japan was up 4.0 percent on year in November, the Bank of Japan ...Full Story>>

New Zealand Credit Card Spending Jumps 1.4% In November

12/10/2017 - 17:48 PM (RTTNews)
(RTTNews) - Overall credit card spending in New Zealand climbed a seasonally adjusted 1.4 percent ...Full Story>>

Japan Machine Tool Orders Due On Monday

12/10/2017 - 17:33 PM (RTTNews)
(RTTNews) - Japan will on Monday release preliminary November numbers for machine tool orders, hig ...Full Story>>

New Zealand Credit Card Spending Rises 1.4% In November

12/10/2017 - 17:18 PM (RTTNews)
(RTTNews) - verall credit card spending in New Zealand was up a seasonally adjusted 1.4 percent on ...Full Story>>

BRAZIL: Ibovespa Rises, But Worries Remain About Pension Reform

12/09/2017 - 08:12 AM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, closed up 0.33% at 72,731.84 points Fri ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.