Tuesday, Markit Economics reported that the India HSBC Manufacturing Purchasing Managers' Index stood at a seasonally adjusted 53 in November, down from 54.5 in October. A reading above 50 indicates expansion, while one below 50 suggests contraction.
Manufacturing output increased at a marked pace in November, mainly as a result of new business growth and further depletion of pending work. Incoming new work rose for the eighth straight month in November, and at a robust pace, with panelists citing strong domestic demand as the main driver of new order growth. Better economic conditions, successful promotional activities and strong reputations for quality were also attributed as positive factors.
Further, employment in the manufacturing sector rose at a marginal pace, with greater production requirements leading manufacturers to take on more staff and build up stocks. Input costs faced by Indian manufacturers rose markedly in November, while firms raised their output charges at an accelerated pace to alleviate the pressure on profit margins.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.