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India’s factory activity shrinks for first time in 11 months amid COVID-19 crisis

India’s factory activity shrinks for first time in 11 months amid COVID-19 crisis
The Nikkei Manufacturing PMI declined to an 11-month low of 48.1 in June from May’s 50.8, moving below the 50-level separating growth from contraction. „The intensification of the COVID-19 crisis in India had a detrimental impact on the manufacturing economy,” said Pollyanna De Lima, economics associate director at IHS Markit.


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1 July 2021, 07:37