February PMI improves, but employment remains a worry

BL Internet Desk | Updated on March 01, 2021

India's manufacturing Purchasing Managers’ Index (or PMI) for February touched 57.5 showcasing improvement in business operating conditions. In January, the PMI was at 57.7.

Manufacturers in India have acknowledged a good inflow of new orders in February. The survey, compiled by IHS Markit, showed that the output continued to recover from the contractions caused by the Covid-19 pandemic.

The big worry is that some companies were not expanding their capacity through hiring due to restrictions on the labour working hours. The February data has also shown a rise in pre-production inventories. The rate of inflation was modest during February.

Published on March 01, 2021

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