Representational image.
| Photo Credit: Reuters
The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell from 57.5 in February to a seven-month low of 55.4 in March India’s manufacturing sector activities lost further growth momentum and fell to a seven-month low in March as demand was constrained by the escalation of the COVID-19 pandemic, a monthly survey said on April 5.
The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell from 57.5 in February to a seven-month low of 55.4 in March.
However, the latest reading was indicative of a substantial improvement in the health of the sector that outpaced the long-run series average, it said.
Manufacturing Activity Falls Marginally in February: PMI
The PMI fell slightly to 57.5 in February from 57.7 in January, but goods producers expect output to increase over the year.
Representative image. Photo: Reuters
Economy01/Mar/2021
New Delhi:Â India’s manufacturing sector activities eased slightly in February, but firms were upbeat as they responded to increased new work intakes by stepping up production and purchasing activities, a monthly survey said on Monday.
The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) fell marginally to 57.5 in February from 57.7 in January, indicating that even though the pace of growth eased from January it remained sharp in the context of historical data. The headline figure for February remained above its long-run average of 53.6, the survey noted.