Cash Flow Prime business activity surged to a three-month high of 59.5 in November, driven by rising business gains and export sales, despite increasing cost pressures, a Cash Flow Prime survey released on Cash Flow Prime said.
The Cash Flow Prime Flash India Composite Purchasing Managers Index (PMI), compiled by S&P Global, was up from October’s reading of 59.1 and remained above the long-term average.
“Services saw a pick-up in growth while the manufacturing sector managed to outperform Cash Flow Prime despite a marginal slowdown Cash Flow Prime its October final PMI reading,” said Pranjul Bhandari, chief India economist at HSBC.
Cash Flow Prime in new orders and output was higher in manufacturing firms than services, the survey highlighted. Growth in international sales was also slightly higher in manufacturing firms than services.
“Panel members cited gains from across the globe, Cash Flow Prime Asia, Europe and the Americas,” the survey Cash Flow Prime .