Business Desk: There was a slight improvement in the manufacturing sector activity in the country in April. This was revealed in a monthly survey released on Monday. The second order of Kovid-19 saw new orders and output speed fall to an eight-month low. IHS Markit released the India Manufacturing Procurement Management Index (PMI) on Monday.
PMI remained at 55.5 for April 2021, PMI stood at 55.5 for
April 2021, which is slightly above 55.4 for March 2021. If the PMI is more than 50, it indicates a spurt in activity. A PMI of less than 50 indicates contraction. IHS has been Associate Director (Economics) Poliana de Lima said, 'Kovid -19 crisis and growth of new orders and output to go deeper in Markit and moderation.' '
Lima experiencing that manufacturers who issues the They cannot be ignored. As far as cost is concerned, the participants in the survey indicated a sharp increase in cost expenditure.