India’s gloomy June manufacturing PMI data has one silver lining1 min read . Updated: 01 Jul 2021, 12:23 PM IST
- While input costs increased further in June, with firms reporting higher prices for chemicals, electronic components, energy, metals and plastics, the rate of inflation was the joint-lowest in five months
Business activity in India’s manufacturing sector contracted in June, hit hard by the devastating second wave of the pandemic and consequent stringent containment measures. There were renewed contractions in factory orders, production, exports and quantities of purchases.
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