Factory orders, production rise at slowest rates in 8 month

Factory orders, production rise at slowest rates in 8 month


Factory orders, production rise at slowest rates in 8 month
03 May 2021, 16:37 GMT+10
New Delhi [India], May 3 (ANI): Economic conditions in India's manufacturing sector remained favourable in April as companies scaled up production in line with a further improvement in demand, according to the latest IHS Markit Manufacturing PMI released on Monday.
While output and sales increased at the slowest rates since last August due to an intensification of the Covid-19 crisis, there was a faster upturn in international orders.
Moreover, quantities of purchases expanded at one of the strongest rates seen for over nine years as firms sought to boost their inventories.

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