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India s factory activity slows to 7-month low on renewed COVID-19 lockdowns
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The Nikkei Manufacturing Purchasing Managers Index , compiled by IHS Markit, declined to a seven-month low of 55.4 last month from February s 57.5, but remained above the 50-level separating growth from contraction for an eighth straight month.
Agencies
Last week, the Indian government advised federal states to try and control the rapid spread of the virus.
Manufacturing activity in India grew at its slowest pace in seven months, restricted by the Covid-19 pandemic with production and new orders expanding at softer rates and employment declining amid waning business confidence, a private survey showed Monday.
India s factory activity falls to 7-month low to 55.4 on COVID-19 resurgence
Last week, the Indian government advised federal states to try and control the rapid spread of the virus. Tighter restrictions on activity suggest factories could be in for a tough April
Reuters | April 5, 2021 | Updated 11:25 IST
India s factory activity grew at its weakest pace in seven months in March as renewed lockdowns to curtail a resurgence in COVID-19 cases dampened domestic demand and output, a private survey showed, forcing firms to cut headcount again. Last week, the Indian government advised federal states to try and control the rapid spread of the virus. Tighter restrictions on activity suggest factories could be in for a tough April.
India's factory output has slowed to a 7-month low in the wake of fresh Covid-19 lockdowns in different states including Maharashtra. Output also grew at its weakest pace in seven months.
India s Factory Activity Lowest in Seven Months Due to Renewed COVID-19 Lockdowns
Last week, the Indian government advised federal states to try and control the rapid spread of the virus through local lockdowns. Tighter restrictions on activity suggest factories could be in for a tough April.
A worker pours molten iron from a ladle to make automobile spare parts inside an iron casting factory in Ahmedabad, India, January 31, 2019. Photo: Amit Dave
Economy4 hours ago
Bengaluru: India’s factory activity grew at its weakest pace in seven months in March as renewed lockdowns to curtail a resurgence in COVID-19 cases dampened domestic demand and output, a private survey showed, forcing firms to cut headcount again.