 "PMI manufacturing")
July manufacturing PMI falls to 46; overall activity shrinks for 4th month
Indian manufacturing slowed down in July after slowly mending for two months as lockdowns weighed on demand and output and raised the chances of a sharper economic contraction, a private business survey showed on Monday. Manufacturing PMI stood at 46 in July, down from 47.2 in June. In PMI parlance, a score above 50 means expansion and below that denotes contraction. PMI fell to a historic low of 27.4 in April, but had been steadily climbing up since. Read more
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