India Manufacturing Growth At 25-Month Low

A PMI reading above 50 indicates an expansion in manufacturing activity, while a reading below that level points to a contraction.

A reading above 50 denotes growth, while one under 50 denotes a contraction in the manufacturing sector.

IHS chief United Kingdom and European economist Howard Archer said: “The November manufacturing purchasing managers’ survey unsurprisingly showed moderation in activity after October’s spike to a 16-month high – but this needs to be put into context”.

The PMI for the electronics cluster, which makes up a third of Singapore’s manufacturing output, came in at 49 for November, from October’s 48.6.

Separately, the Caixin/Market China Manufacturing PMI edged up to 48.6 in November, beating market expectations of 48.3, which would have been unchanged from the previous month.

New sales orders fell by seven points to 43.5 points, while business activity slumped further to 41.4 points from 47.7 points in October.

United Kingdom factory output eased last month, although there was a welcome lift in export orders, a report said. The expected business conditions in six months’ time index slumped to an nearly 7-year low of 43.2 index points. The Barclays/BER index said the PMI leading indicator also declined for a second consecutive month, which did not bode well for output growth. The 50-point mark separates expansion from contraction.

New export business at United Kingdom manufacturers continued to grow in November as new work from overseas clients rose for the third straight month.

Brazil’s economy is struggling through its worst recession in 25 years, leaving the nation’s crippled manufacturing sector reeling.

“Buoyed up by continued falls in commodity prices and a steady rise in new export orders and improved domestic demand, once again larger companies took advantage of these ripe conditions following last month’s trend”. The PMI survey is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 300 industrial companies.

Mainland Chinese manufacturing was at its weakest in more than three years in November despite stimulus measures to bolster the world’s No. 2 economy while service industries improved, according to an official survey released Tuesday.