You are here: Home » News-CM » Economy » News
Business Standard

India Manufacturing PMI Edges Up, Input Costs Escalate

Capital Market 

India's manufacturing sector activity expanded in April despite fresh domestic factory orders and output easing to eight-month lows due to an intensification of the coronavirus pandemic. Data released by analytics firm IHS Markit showed purchasing managers' index (PMI) for April edged up to 55.5 after declining to a seven month low in March at 55.4.

A figure above 50 indicates expansion, while sub-50 signals contraction. The surge in covid-19 cases could dampen demand further when firms' financials are already susceptible to the hurdle of rising global prices. April saw the steepest increase in input costs for nearly seven years drive the sharpest upturn in output charges since October 2013.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 03 2021. 14:37 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU