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Manufacturing activity contracts for first time in 11 months: PMI survey Top Searches Manufacturing activity contracts for first time in 11 months: PMI survey TNN / Updated: Jul 2, 2021, 01:31 IST FacebookTwitterLinkedinEMail NEW DELHI: Activity in the country’s manufacturing sector contracted for the first time in 11 months in June as the localised lockdowns against the backdrop of the second wave of Covid-19 hurt demand, a survey showed on Thursday. Registering 48.1 in June, below May’s 50.8, the IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was below the critical no-change mark of 50 for the first time since July 2020. The latest results highlighted renewed contractions in factory orders, production, exports and quantities of purchases. With business optimism fading over the month, job shedding continued, the survey results showed.

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