Both Manufacturing and Services Purchasing Managers’ Indices recorded an increase in November 2023
Manufacturing PMI increased to 57.0 on a month-on-month basis in November 2023, driven by the seasonal factors. The index exceeded the neutral threshold after March 2023, with a positive contribution from all the sub-indices.
Services sector PMI recorded an index value of 59.4 in November 2023 indicating an accelerated expansion in the services activities. This was led by the increases observed in New Businesses, Business Activities, Employment and Expectations for Activity.
Published Date:
Friday, December 15, 2023