November PMI reflects pick-up in orders: Leif Eskensen

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  • Published On: December 03, 2012
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HSBC PMI for November rose to 53.7 from 52.9 in October. The improvement in the index was reflective of a pick-up in new orders, both from the domestic market and the export market. The month also saw a draw down in inventories which could imply a further pick up in production in the months ahead, says Leif Eskensen of HSBC.

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