Manufacturing output rises in November

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Manufacturing output rises in November

The Nikkei India Manufacturing Purchasing Managers Index (PMI), a composite indicator of manufacturing performance, increased to 52.6 in November from 50.3 reported for October.

Activity in the United Kingdom manufacturing sector picked up in November, hitting its highest level since August 2013, according to data released on Friday.

The 50-point line separates expansion from contraction in activity.

A key survey of British manufacturing showed that activity had "shifted up a gear" in November and was starting to boost broader economic growth as the dominant services sector struggles against rising inflation.

Chinese manufacturing posts weakest reading in five month in private survey
Manufacturing Output Rises in November

Commenting on the Indian Manufacturing PMI survey data, Aashna Dodhia, economist at IHS Markit and the author of the report, said that manufacturing economy advanced on its path to recovery as disruptions from the recent tax reform (GST) continued to diminish. They track output, new orders, ... This suggests that capital spending, especially in the domestic market, is showing signs of renewed vigour. Similarly, the non-manufacturing PMI came in at 54.8, up from 54.3 a month ago. On past form, the output balance now is consistent with quarter-on-quarter growth in manufacturing output of about 1.2%.

Brazil's manufacturing growth climbed to its highest level in almost seven years during November, boosted by strong order intake, survey data from IHS Markit showed Friday.

Output expectations eased to a four-month low in November, but remained strong overall. We fear, therefore, as the CBI's Industrial Trends Survey has indicated that manufacturers might soon run in to capacity constraints.

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