Wednesday, 11 March 2020

Corona Effect: India’s manufacturing PMI goes down in Feb

The country’s manufacturing sector activity eased in February from a near eight-year high in the previous month and business sentiment took a hit amid impact of coronavirus outbreak on exports and supply chains, a monthly survey said on March 2.


At 54.5 in February, the headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) held close to January’s near eight-year high of 55.3, signalling improvement in operating conditions across the sector.


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