• About Us
  • Add Post
  • Contact
  • Contribute For Us
  • Homepage
  • Our Authors
  • Privacy Policy
What's Hot

Azerbaijani SMBDA reveals share of ladies amongst native personal entrepreneurs

February 8, 2023

Harry Brook smashes 97 as England pile on runs in New Zealand warm-up conflict

February 8, 2023

More automobiles of Russian peacekeepers cross freely alongside Azerbaijan’s Lachin-Khankendi street (PHOTO)

February 8, 2023
What's Hot

Azerbaijani SMBDA reveals share of ladies amongst native personal entrepreneurs

February 8, 2023

Harry Brook smashes 97 as England pile on runs in New Zealand warm-up conflict

February 8, 2023

More automobiles of Russian peacekeepers cross freely alongside Azerbaijan’s Lachin-Khankendi street (PHOTO)

February 8, 2023
Facebook Twitter Instagram
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors
Facebook Twitter LinkedIn
BusinessLendBusinessLend
  • NEWS
  • BUSINESS
  • AUTO
  • TECH
  • MONEY
  • STARTUP
  • SUCCESS STORIES
  • OTHER
    • Press Release
    • OPINION
Subscribe
BusinessLendBusinessLend
Home»NEWS»The manufacturing industry suffered a huge loss in the Corona era, PMI reached a 7-month low in March
NEWS

The manufacturing industry suffered a huge loss in the Corona era, PMI reached a 7-month low in March

Bhagyashree SoniBy Bhagyashree SoniApril 5, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The manufacturing industry suffered a huge loss in the Corona era, PMI reached a 7-month low in March
Share
Facebook Twitter LinkedIn Pinterest Email

The Indian manufacturing industry has suffered a lot due to the lockdown imposed across the country due to the Corona epidemic. According to a private survey report, the Manufacturing Purchasing Managers’ Index (PMI) has fallen from 57.4 to 55.4.

Manufacturing industry

Due to the Corona period, the impact of the lockdown across the country was also seen in the Indian manufacturing industry. Due to the shutdown of factories and supply disruptions for a long time, it has suffered a major loss. According to a survey report, the Manufacturing Purchasing Managers’ Index (PMI) hit a seven-month low in March. It has dropped from 57.4 to 55.4.

According to a private survey report, domestic demand and production declined due to the lockdown imposed for the prevention of COVID-19. In such a situation, many companies also reduced the number of employees. Due to which he suffered a lot of damage. The outbreak of the epidemic is growing again, in the last week, the Government of India advised several states to control the rapid spread of the virus. During this period, strict restrictions on several activities were also suggested. In such a situation, the month of April can be difficult for the factory and the entire manufacturing industry.

According to the survey report, despite the increase in foreign orders at a rapid pace in March, the total demand monitoring sub-index has come down to the lowest level since August 2020, the lowest ever. Output also grew at the weakest pace in seven months, so the signs of its early recovery are low.

According to data from IHS Market, Nikkei’s Manufacturing Purchasing Managers’ index fell to a low of 55.4 months from 57.5 in February last month. However, in the eighth month, it remained high in the growth rate.

According to media reports, Paulina de Lima, IHS Markets’ Associate Director of Economics, says, “Participants in the survey indicated that the increase in the COVID-19 pandemic led to an increase in demand, while increased input purchases led to a reduction in costs.” Has come. ” He also said, “Indian manufacturers may face a challenging phase in April due to the expansion of COVID-19 restrictions and the re-imposition of lockdowns in many states.”

Also read: What to do if you find a torn note while withdrawing cash from an ATM, know your rights

Good news for home buyers! Cheap flats are available in Delhi-NCR, this is the last date of application

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Bhagyashree Soni
  • Facebook

Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

Related Posts

More automobiles of Russian peacekeepers cross freely alongside Azerbaijan’s Lachin-Khankendi street (PHOTO)

February 8, 2023

Azerbaijanis proceed gathering humanitarian help for quake-hit Türkiye (PHOTO)

February 8, 2023
Add A Comment

Comments are closed.

Advertisement
Editors Picks

Mexico’s lacking college students: ‘Eight years of not knowing’

October 9, 2022

Leadership: Six Studies in World Strategy by Henry Kissinger

July 7, 2022

Microsoft could also be constructing its personal tremendous app

December 7, 2022

MacE book Pro with M2 Pro and M2 Max critiques

January 23, 2023
Advertisement
Latest Posts

Azerbaijani SMBDA reveals share of ladies amongst native personal entrepreneurs

February 8, 2023

Harry Brook smashes 97 as England pile on runs in New Zealand warm-up conflict

February 8, 2023

More automobiles of Russian peacekeepers cross freely alongside Azerbaijan’s Lachin-Khankendi street (PHOTO)

February 8, 2023

Business Lend is a platform which brings executives officers, entrepreneurs, and venture capitalist together from different sectors. We keep on connecting with our users with the help of our monthly edition carving our way slowly towards the highest readership.

Facebook Twitter Instagram LinkedIn
Must Read
  • Azerbaijani SMBDA reveals share of ladies amongst native personal entrepreneurs February 8, 2023
  • Harry Brook smashes 97 as England pile on runs in New Zealand warm-up conflict February 8, 2023
  • More automobiles of Russian peacekeepers cross freely alongside Azerbaijan’s Lachin-Khankendi street (PHOTO) February 8, 2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 BusinessLend. Designed by ThemeSphere.
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors

Type above and press Enter to search. Press Esc to cancel.