Covid blues: Manufacturing PMI sees record slide in April

Indian manufacturing saw its worst contraction in April, as a nation-wide lock-down hit fresh orders and businesses cut staff at a record pace.

May 5, 2020 04:40 IST

Indian manufacturing saw its worst contraction in April, as a nation-wide lock-down hit fresh orders and businesses cut staff at a record pace.

Manufacturing PMI touched 27.4 in April, the lowest since the survey started 15 years ago and against 51.8 in March.

Both input costs and output prices fell markedly.

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This article was first uploaded on May five, twenty twenty, at forty minutes past four in the morning.