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March Manufacturing PMI Declines To 4-Month Low
As per a private survey notified on Wednesday, India's manufacturing activity for the month of March slowed to a 4-month low as economic activity virtually came to a standstill on the back of nationwide lockdown imposed to curb Covid 19 spread. ...
India's Services Activity Rebounds To 50.3 In March
The services activity in India driven by a marginal increase in new businesses due to improved demand rebounded in the month of March with slightly better performance. After the disruption caused in the wake of demonetisation and GST implementation, the services ...
What Is PMI or Purchasing Managers' Index?
PMI or Puchasing Managers' Index is reflective of the business activity and is assessed for both the manufacturing and services activity. Calculated on a separate basis through survey measures for the manufacturing and services, the PMI of above 50 indicates ...
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