Nov Flash PMI: Charge inflation hits 12-year high, but biz confidence rises

Quick Summary:

HSBC Flash November PMI: Composite output index rises to 59.5, up from October's final reading of 59.1.

Manufacturing PMI dips to 60.2, services PMI rises to 59.

Meanwhile, price pressures are rising for raw materials used by manufacturers, as well as food and wage costs in the services sector.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Flash PMI Flash Manufacturing PMI Flash service PMI Business confidence Flash November PMI Charge inflation Jobs in manufacturing Jobs in service

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 11:38:20 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23756043

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