October manufacturing PMI rises to 55.3 despite cost headwinds.

HomeBusinessOctober manufacturing PMI rises to 55.3 despite cost headwinds.

Published on

November 1, 2022

October industrial activity in India increased although pricing pressures remained low.
On November 1, S&P Global’s Purchasing Managers’ Index indicated India’s manufacturing PMI climbed to 55.3 from 55.1 in September.
A reading above 50 indicates expansion in activity, while a sub-50 print is a sign of contraction. This is the 16th consecutive 50-plus print for the manufacturing PMI.
S&P said employment and buying stocks drove the headline PMI figure up.