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November PMI at a 3 Month High

India’s Purchasing Manager’s Index (PMI) accelerated to a three month high in November 2011 to 52.3, from October’s 50.3. (This is a composite index, a mix of Services and Manufacturing PMIs)


PMI for Manufacturing for Nov 2011 on the other hand, has fallen to 51.0, down from October’s 52.0.


Input costs and output prices are still going up, which means inflation stays elevated. Employment continues to fall, it seems.

China, on the other hand has fallen below 50 (Composite PMI).


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