India’s business activity surges to 3-month high in Nov: Report ...Middle East

New Delhi: India’s business activity surged to a three-month high in November, driven by robust growth in the services sector and record job creation, according to the HSBC survey for the month. “Services saw a pick-up in growth, while the manufacturing sector managed to outperform expectations despite a marginal slowdown from its October final PMI reading,” observed Pranjul Bhandari, chief India economist at HSBC. HSBC’s flash India Composite Purchasing Managers’ Index compiled by S&P Global increased to 59.5 in November from 59.1 in October showing that economic activity is continuing to expand. The 50-level separates growth from contraction. PMI for the services sector rose to 59.2 from

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India’s business activity surges to 3-month high in Nov: Report ...Middle East

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