Manufacturing activity rise at 10-month high in November

Manufacturing activity rise at 10-month high in November
© Provided by The Times of India

NEW DELHI: Activity in the country’s manufacturing sector rose at its fastest pace in 10 months on the back of rising new orders, led by robust domestic demand and strong increase in production & sales, highlighting a swift recovery in the key industrial sector. This augurs well for overall economic growth, a survey showed on Wednesday.

Increasing from 55.9 in October to 57.6 in November, the IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) signalled the strongest improvement in health of the sector in 10 months. Moreover, the headline figure was well above its long-run average of 53.6. The 50-point mark separates expansion from contraction.


Manufacturers said strengthening demand, improving market conditions and successful marketing boosted sales in November. Factory orders rose for the fifth month in a row and at a sharp pace — the fastest since February. The survey is compiled from responses to questionnaires sent to purchasing managers in a panel of about 400 manufacturers.

Since the lifting of curbs after the second Covid wave, the economy has scripted a robust recovery. The pickup in vaccination is expected to add to confidence and spur consumption and help overall growth. But the new virus variant has cast a shadow on overall global growth and added an element of uncertainty about the durability of global economic recovery.

“The fact that firms purchased additional inputs at a stronger rate amid efforts to restock, combined with recurring declines in inventories of finished goods and tentative signs of a pick-up in hiring activity, indicate that production volumes will likely expand further in the near-term,” said Pollyanna De Lima, economics associate director at IHS Markit.

News Related


Celebs Go Dating star Nikita Jasmine braves the cold in a pink mini dress on night out

CELEBS Go Dating star Nikita Jasmine braved the cold in a pink mini dress on night out in Middlesbrough last night. The reality star, 27, partied the night away at The ... Read more »

A million pensioners could be missing out on up to £1,800 a year – are you one of them?

ALMOST a million pensioners could be missing out on a £1,800 a year retirement fund top-up and extra benefits and freebies. Pension credit gives you extra cash if you're of ... Read more »

Padma Shri for para shuttler Pramod Bhagat

© Provided by The Times of India SAMBALPUR: Jubilation grips Western Odisha after the announcement of Padma Shri Award for para badminton player, Pramod Bhagat, who is a native of ... Read more »

Congress replaces RPN Singh with Avinash Pande as Jharkhand in-charge

The Congress appointed Avinash Pande as its state in-charge for Jharkhand on Tuesday. The announcement was made shortly after the party’s former state in-charge and veteran leader RPN Singh quit ... Read more »

GM Investing $6.5B In Orion EV Plant, Third US Battery Cell Factory

© InsideEVs 2024 Chevrolet Silverado EV Trail Boss From 2024, Orion Assembly will become the second US plant to build Chevy Silverado and GMC Sierra electric full-size pickups. General Motors ... Read more »

Fisokuhle Ntuli: ‘The dangerous & ruthless murderer who enjoyed killing people'

© Nhlanhla Mabaso/Eyewitness News Fisokuhle Ntuli, the convicted hitman linked to six murders in KwaZulu-Natal, has on 25 January 2022 been given six life sentences and 39 years. DURBAN – ... Read more »

'Inflation eats while you sleep': World waits for US Fed interest rate decision

© Provided by 702 The world is nervously watching the US Federal Reserve ahead of its decision on interest rates as inflation continues its upward trend. The policy-making body started ... Read more »

All enemy types in Serious Sam: Siberian Mayhem

© Provided by GamePur Rabid bulls, bipedal chicken dinosaurs, and brain-mounted AT-STs are just some of the enemies you’ll encounter in Serious Sam: Siberian Mayhem. Serious Sam is a series ... Read more »

Rays top prospects 2022: Shane Baz takes top spot on list after Wander Franco's stellar MLB debut

© Provided by CBS Sports Major League Baseball’s owners may have locked out the players, triggering the league’s first work stoppage since 1994-95 and bringing the offseason to a halt, ... Read more »

Malema: Secretary of Parly must account for ‘negligence' after blaze

© @EFFSouthAfrica/Twitter Economic Freedom Fighters (EFF) leader Julius Malema addresses supporters at the party’s Siyabonga Rally at People’s Park in eThekwini on 8 January 2022. JOHANNESBURG – Flames that set ... Read more »

Panyaza Lesufi has answers to give on PPE corruption - Maverick Citizen editor

© Provided by 702 The Special Investigation Unit has flagged more than R7,8-billion of Covid-19 procurement corruption. On Tuesday, the presidency released the SIU’s final report showed that the SIU ... Read more »

Bills' Josh Allen will have say in search if Brian Daboll leaves: 'No decision will be made without Josh'

© Provided by CBS Sports Sep 22, 2019; Orchard Park, NY, USA; Buffalo Bills quarterback Josh Allen (17) greets offensive coordinator Brian Daboll following the game against the Cincinnati Bengals ... Read more »

MTG bans Alrund's Epiphany and Faceless Haven in Standard format

© Provided by Dot Esports The long-awaited Magic: the Gathering Banned and Restricted announcement for Alrund’s Epiphany dropped today, along with bans for Divide by Zero and Faceless Haven in ... Read more »

The NFL's Divisional Round ratings were predictably impressive

© Provided by Awful Announcing The NFL’s Divisional weekend was full of really, really good games. There were plenty of other storylines, of course, plus it’s the NFL, so the ... Read more »

Pokémon Legends: Arceus trailer teases Hisuian variants of evolved starters

© Provided by GamePur Nintendo released a trailer for Pokémon Legends: Arceus on Tuesday that teased region-exclusive final evolutions for the game’s three starters: Rowlett, Cyndaquill, and Oshawott. The trailer ... Read more »

Fact Check: This video of Kejriwal praising Bhagwant Mann for his pledge to quit alcohol is old

Bhagwant Mann Bhagwant Mann, AAP MP and his party’s chief ministerial candidate for Punjab, has repeatedly faced flak from opponents for his drinking habit. But ahead of elections in Punjab, ... Read more »

The latest Sniper Elite 5 trailer showcases Invasion Mode, similar to Deathloop's invasions

© Provided by GamePur Developer Rebellion has released a new cinematic trailer for Sniper Elite 5. The trailer shows an Allied sniper sneaking through occupied Germany as they make their ... Read more »

Author Nathan Harris earns Gaines Award for debut novel

NEW ORLEANS — The debut work of Seattle author Nathan Harris has earned him the 2021 Ernest J. Gaines Award for Literary Excellence. Harris’ “The Sweetness of Water” chronicles the ... Read more »

Steelers sign WR Anthony Miller to a futures contract

© AP WR Anthony Miller On Monday, the Pittsburgh Steelers continued the work of building their offseason roster. According to the NFL transaction wire, the Steelers signed wide receiver Anthony ... Read more »

Warum leiden die Einen an Long Covid und Andere nicht? Schweizer Forscher finden Antwort

© JEAN-CHRISTOPHE BOTT/KEYSTONE/JEAN-CHRISTOPHE BOTT Die S Zürcher Immunologen haben Signaturen im Blut von Covid 19-Patienten entdeckt, die eine Long Covid-Erkrankung frühzeitig vorhersagen könnten. Den auf den Erkenntnissen beruhenden klinischen Risiko-Score ... Read more »

If I have been awarded, I refuse it: Buddhadeb Bhattacharjee on receiving Padma Bhushan

Former Bengal CM Buddhadeb Bhattacharjee refused to accept Padhma Bhushan. Former West Bengal Chief Minister and veteran CPI(M) leader Buddhadeb Bhattacharjee refused to accept Padma Bhushan award. In a statement, ... Read more »

EU seeks to streamline cross-border travel during pandemic

BRUSSELS — The European Union is seeking to streamline the sometimes chaotic travel between its member states during the pandemic by relying more clearly on a person’s vaccine or infection ... Read more »

Nadal battles stomach pain to reach Australian Open semis

© Provided by The Times of India Rafael Nadal’s four-hour victory over Denis Shapovalov was a masterclass on survival. Appreciating that the sapping conditions at the Australian Open had destroyed ... Read more »

Brooklyn Navy Yard explosion seriously injures worker: officials

According to police, an explosion at the Brooklyn Naval Yard on January 25, 2022 has left one worker in serious condition. Annie Wermiel/NY Post An explosion rocked the Brooklyn Navy ... Read more »

In the 'kissing case' against Richard Gere, Shilpa Shetty is discharged after 15 years

© Provided by The Statesman In the ‘kissing case’ against Richard Gere, Shilpa Shetty is discharged after 15 years Shilpa Shetty was discharged by a Mumbai court on Tuesday in ... Read more »

Bengals reveal jersey combo for AFC championship vs. Chiefs

© Provided by Bengals Wire The Cincinnati Bengals will make it two in a row when it comes to jersey selection next weekend against the Kansas City Chiefs. Tuesday, the ... Read more »

The Batman Director Matt Reeves Has The Perfect Response To The Rob Pattinson Backlash

Denis Makarenko/Shutterstock As sure as the night will come, audiences can always be confident that a new “Batman” film is never too far away. And it looks like the wait to ... Read more »

Eagles OL Brett Toth undergoes successful knee surgery

© File photo Dec 20, 2020; Glendale, Arizona, USA; Philadelphia Eagles offensive tackle Brett Toth (64) against the Arizona Cardinals at State Farm Stadium. Mandatory Credit: Mark J. Rebilas-USA TODAY ... Read more »

Bugatti Chiron Super Sport 300+ hypercars arrive for UK customers

There are fast cars and then there is the Bugatti Chiron Super Sport 300+ – the French brand’s hypercar that was clocked setting a world record top speed for a ... Read more »

Fortnite adds new Pizza Party item that heals health and shield for entire squad

© Provided by Dot Esports A hot fix for Fortnite v19.10 is introducing a hot slice to the iconic battle royale title with the Pizza Party item being added to ... Read more »

The 16 best lingerie brands and where to buy them for Valentine's Day

NYPost Composite While we all have spent ample time running around the house in our underwear this year while stuck at home, maybe it’s time to put away the joggers ... Read more »

India vs West Indies: Rohit Sharma fit to lead; Hardik Pandya can make a comeback

© Provided by Zee News India’s white-ball captain Rohit Sharma is ”fit” and ready to lead the side against the West Indies in a six-match white-ball series starting February 6 ... Read more »

College football rankings: 10 teams helped most by the transfer portal

© Provided by Fansided Check out these latest college football rankings to see what college football programs did the best job of using the transfer portal this offseason. The transfer portal is becoming to ... Read more »

Report: Josh McCown turned down Texans' offer for associate head coach in 2020

© AP josh-mccown-turned-down-texans-associate-head-coach One of the chief criticisms of the Houston Texans interviewing former quarterback Josh McCown for their coaching vacancy is that he has zero coaching experience. However, the ... Read more »

Matt LaFleur Sends Clear Message About Aaron Rodgers

© Provided by The Spun Matt LaFleur talks with Aaron Rodgers on the sidelines. For the second year in a row, Aaron Rodgers will be the major storyline of the ... Read more »

US stocks remain volatile as Federal Reserve meeting kicks off

Many investors are exiting riskier stocks. Getty Images US stocks appear set for another round of extreme volatility in Tuesday trading as investors brace for the Federal Reserve’s guidance on ... Read more »

Two-time All-Pro RB Le'Veon Bell clears waivers

© Kim Klement-USA TODAY Sports Le’Veon Bell After having been waived by the Buccaneers on Saturday, running back Le’Veon Bell has, not surprisingly, went through unclaimed. As Tom Pelissero of ... Read more »

POC leaves door open for Obiena

© John Thys / AFP POC leaves door open for Obiena MANILA, Philippines — Olympian pole-vaulter EJ Obiena will see action in the 31st Southeast Asian Games in Hanoi even ... Read more »

Jermaine Burton responds to Mecole Hardman criticizing transfer from Georgia to Alabama

© Provided by Fansided Jermaine Burton clapped back at Kansas City Chiefs wide receiver Mecole Hardman’s remarks on him transferring from Georgia to Alabama. Jermaine Burton responded to former Georgia star ... Read more »

F9's high-octane action reaches local theaters

© The Manila Times Vin Diesel has made it his mission to help bring ‘Fast and Furious’ fans bigger and better experiences. He promises ‘F9’ won’t disappoint. PHOTO FROM UNIVERSAL ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic