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June manufacturing activity shrinks for third month in a row; PMI at 47.2


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A nationwide lockdown in April, coupled with a crash in export orders, had led to conditions across sectors falling by the biggest margin ever and new businesses collapsing at a record pace

India’s manufacturing activity again contracted in June as regional lockdown extensions severely held back demand and labour logistic challenges remained, said the monthly IHS Markit India Manufacturing Purchasing Managers’s Index (PMI) survey on Wednesday.

Manufacturing PMI stood at 47.2 in ...


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