InvestorQ : What does the bounce in PMI manufacturing for December really show?
Priyanka N made post

What does the bounce in PMI manufacturing for December really show?

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Moii Chavate answered.
4 months ago
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There was good news from the manufacturing sector as the PMI bounced back marginally to 56.4 in Dec-20. While the PMI was positive on production, inventory piling and purchases; it lagged on job creation as most companies were cutting jobs as part of their cost rationalization exercise. The PMI at over 50 indicates expansion in manufacturing but unlike in November, there was also momentum build-up in December. Fresh export orders for Indian companies rose to the highest level in the last four months. The PMI number also hinted at input prices growing at the fastest pace in the last two years.

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