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India services PMI rebounds in Nov.

12-06-2011 10:56 BJT

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A much different picture in India. The nation’s services sector rebounded - expanding in November for the first time in two months, as new business accelerated despite persistent inflationary pressures.

The HSBC Markit Business Activity Index was 53.2 in November from 49.1 in October, above the all-important 50-mark that, just to remind you, separates growth from contraction.

Indian export orders grew for the first time in five months, but the survey showed input prices and prices charged continued to rise sharply in November, an indication that inflation in the Indian economy will likely stay high over the coming months.


Editor:Zhang Rui |Source: CNTV.CN

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