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Shri Bajrang Alliance Limited receives exports orders
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Goldiam International Limited receives export orders worth Rs 50 crore
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May 3, 2021
TEMPE, Ariz. â May 3, 2021 â Economic activity in the manufacturing sector grew in April, with the overall economy notching an 11th consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee:
“The April Manufacturing PMI® registered 60.7 percent, a decrease of 4 percentage points from the March reading of 64.7 percent. This figure indicates expansion in the overall economy for the 11th month in a row after contraction in April 2020. The New Orders Index registered 64.3 percent, declining 3.7 percentage points from the March reading of 68 percent. The Production Index registered 62.5 percent, a decrease of 5.6 percentage points compared to the March reading of 68.1 percent. The Backlog of Orders Index register
Exports, imports growing
After a year of global pandemic and economic slowdown, it’s no surprise the economy would rebound in a big way once lockdowns lifted and businesses started to reopen. That’s what happened in March, when Institute for Supply Management® (ISM®) reported its monthly Manufacturing Economic Index, which was at its highest level since 1983. It’s also no surprise that April’s economic numbers did not surpass March’s index.
The Manufacturing PMI® , or the Purchasing Managers’ Index is a set of economic indicators based off surveys of private-sector companies.
April’s numbers were high, though, notching an 11th month of continual economic growth, registering at 60.7%. That’s a 4% decrease from March’s historic high, according to Timothy R Fiore, chair of the ISM® manufacturing Business Survey Committee.