India manufacturing PMI hits 7-month low in March

By OEM Update Editorial April 7, 2021 3:50 pm

Demand growth was forced by surge in fresh COVID infections, while the rise in input buying was curtailed by an intensification of cost pressures.

Data released by analytics firm IHS Markit recently, showed purchasing managers’ index (PMI) for the manufacturing sector fell to 55.4 in March from 57.5 in February as production, new orders and input-buying expanded at a slower pace.

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