V-shaped recovery? Manufacturing PMI in expansionary zone

The recovery, however, drove up input price inflation to a 21-month peak.

September 2, 2020 08:44 IST

manufacturing, production, production linked incentive, PLI scheme

After four straight months of a Covid-induced contraction, Indian manufacturing grew in August, as fresh orders flowed in. Manufacturing PMI touched 52 in August, against 46 in July.

The recovery, however, drove up input price inflation to a 21-month peak. However, job shedding continues at
a strong rate despite easing from July.

This article was first uploaded on September two, twenty twenty, at forty-four minutes past eight in the morning.