As expected the Indian PMI numbers turned around from 49.7 in October to over 52 in November, indicating investors coming back and new orders and production picking up in November even as stock markets turned around faster from almost a fleeting bottom in a fast paced November

Services growth was aster and more confident, PMI surveys bring back the services index to 53 from a low 49.8 in September and 49.1 in October even as China went ahead with easing credit for rural and then all banks with lower reserve reqts. China's updated reports make or great insights for Financial investors at advantages.us. China's manufacturing brought down output as the index has plummeted to below 49 in the November HSBC MarkIt surveys but Services remained above 52

MarkIt noted that the new businesses number is a good 52.3 in Services in India, the nag from PMI coming in the last six months in the empty new order pipeline Composite PMI was thus driven up to 52.3 up 2 points. Investors and travelers have responded to India Travel and TRansportation sector performance as well as its resilience in Financial services as the "Expensive" tag moved from India valuations. However, as the last 15 years have shown, India's Capital Markets cover up more ground than the real economy while the Dealscape remains fragile in India compared to the sudden closing of larger deals in the US geography

HSBC MarkIT produces PMI numbers for more than 130 countries and measures flash and final reports for 3 sub indices each in manufacturing and Services as well as future outlook. the future outlook numbers remain bleak at 63.6 lowest in nearly 3 years as respondents worry about inflation. Input prices and PPI sub indices are the ones that moved the most in the PMI indices with scores of 57.6 and 56 (NDTV) manufacturing indices overall coming back to 51 but rmeaining confident ( expanding at >50) in the India story's likely bottom scores. MarkIT also notes that it is the fourth consecutive decline in employment

Posted via email from The India Investment Post