New Delhi: The pace of growth in the country's manufacturing activities has slowed down again. The country's manufacturing activities have fallen to a three-month low in November due to a decrease in orders, exports and purchases. Information in this regard has been received in a monthly survey released on Tuesday. The Manufacturing Procurement Managers Index (PMI) of IHS Market India fell to 56.3 in November from 58.9 in October. This is its three-month low.

These figures show that manufacturing activities in the country remain strong, of course their pace has slowed down in November. PMI increase by more than 50, while the data below it shows a contraction. IHS Market Associate Director (Economy) Pauliana De Lima said India's manufacturing sector is moving in the right direction of reform. In November too, there has been a strong growth in new orders and production from the manufacturing sector.

Lima said the decline in the rate of expansion in manufacturing activities is no shock. This figure has come down somewhat after a decade high of October. He said that this could be affected by the increase in cases of corona infection and possible lockdown due to it. According to the survey, the pace of growth of new orders in November has been the lowest in three months.

Also Read:

Gold rises above Rs 48K today amid poor macro data and Vaccine Optimism

Good news for bank customers, your EMI will be reduced

Paytm Money to facilitate investments in companies' IPO