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INDIA: Preliminary PMI’s Point to a Resilient November. 

INDIA
  • HSBC India PMI Manufacturing Preliminary at +57.3 (+57.5 prior)
  • HSBC India PMI Services Preliminary +59.2 (+58.5 prior)
  • Manufacturing output moderates to 60.2 from 60.4.
  • New orders moderate.
  • Employment component in services rose to 57.2, the highest since this series began.
  • Prices charged for services rose to the highest since February 2013.
  • Today’s release continues the long run of strong data in India and supports the Central Bank’s forecasts of +7.2% GDP expansion this year. 
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  • HSBC India PMI Manufacturing Preliminary at +57.3 (+57.5 prior)
  • HSBC India PMI Services Preliminary +59.2 (+58.5 prior)
  • Manufacturing output moderates to 60.2 from 60.4.
  • New orders moderate.
  • Employment component in services rose to 57.2, the highest since this series began.
  • Prices charged for services rose to the highest since February 2013.
  • Today’s release continues the long run of strong data in India and supports the Central Bank’s forecasts of +7.2% GDP expansion this year.