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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 SECTIONS Share Synopsis 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

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.

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