November PMI: Manufacturing up modestly, but hiring hits a low

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Published: December 3, 2019 2:33:38 AM

The manufacturing sector – which, as per IIP, witnessed a 3.9% contraction in September and showed continued signs of weakness in October with the relevant PMI hitting a two-year low – reported a marginal rise in November.

manufacturing sector, IIP, payroll numbers, production, hiring sectorWhile new orders and production were still modest, payroll numbers declined for the first time in 20 months.

The manufacturing sector – which, as per IIP, witnessed a 3.9% contraction in September and showed continued signs of weakness in October with the relevant PMI hitting a two-year low – reported a marginal rise in November. While new orders and production were still modest, payroll numbers declined for the first time in 20 months.

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