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India's factory activity slows to 7-month low on renewed COVID-19 lockdowns


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.
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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. ....

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Factory activity slows to 7-month low on renewed Covid-19 lockdowns


After a year-long spree of job cuts, factories intensified the rate of layoffs to its strongest in six months in March. (Representative image)
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.
Last week, the government advised states to try and control the rapid spread of the virus. Tighter restrictions on activity suggest factories could be in for a tough April.
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. ....

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India's manufacturing activity hits 7-month low amid pandemic: Survey


India s manufacturing activity hits 7-month low amid pandemic: Survey
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Last Updated: Apr 05, 2021, 12:29 PM IST
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Synopsis
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.
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NEW DELHI: 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 Monday.
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. ....

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India's factory activity extends growth in February, input costs soar


NEW DELHI: India s factory activity expanded for the seventh straight month in February, driven by strong demand and increased output, according to a private sector survey that also showed input costs inflation hitting a 32-month high.
Although the Nikkei Manufacturing Purchasing Managers Index , compiled by IHS Markit, eased slightly to 57.5 in February from 57.7 in January, it was well above the 50-level separating growth from contraction.
Sub-indexes showed output and new orders rose sharply last month, albeit at a slower pace than in January, indicating strong demand.
Indian goods producers reported a healthy inflow of new orders in February, a situation that underpinned a further upturn in output and quantity of purchases, noted Pollyanna De Lima, economics associate director at IHS Markit. ....

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