Covid lockdown set to delay recovery, PMI clocks in at 7 month low | Editorji
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Covid lockdown set to delay recovery, PMI clocks in at 7 month low

Apr 05, 2021 12:27 IST | By Editorji News Desk

The covid surge is set to delay the recovery in the economy and indicators are already coming in. Factory output as measured by the manufacturing PMI hit a 7-month low in March.


The Nikkei Manufacturing Purchasing Managers’ Index of 55.4 last month from February's 57.5, even though for the last 8 months the index indicates an expansion, the pace of growth is slowing. 


IHS Markit that compiles the index highlighted that with COVID-19 restrictions expanded and lockdown measures re-introduced in many states, Indian manufacturers look set to experience a challenging month in April.

Economy