Manufacturing PMI up marginally; growth of domestic orders, production slow

Consumer goods was the strongest-performing category in April, followed by capital goods and intermediate goods

Growth in India’s domestic factory orders and production decelerated to an eight-month low in April amid the worsening Covid-19 situation, but the overall manufacturing activity improved marginally, led by new export orders, according to a private survey.
 
The IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose marginally to 55.5, after falling to a seven-month low of 55.4 in March, as new export orders grew the fastest since October. The 50-point mark separates expansion from contraction. The PMI is a month-over-month indicator and shows changes over the previous month, and not over the previous year.
 
Consumer goods was