Agency News

⚡India's Manufacturing Sector Activity Hits Record Low at 27.4 in April Amid Lockdown: PMI

By PTI

The country's manufacturing sector activity witnessed unprecedented contraction in April amid national lockdown restrictions, following which new business orders collapsed at a record pace and firms sharply reduced their staff numbers. The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell to 27.4 in April, from 51.8 in March.

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