FOREX TradingCharts.com

Financial News: India Manufacturing Sector Contracts For First Time In

India Manufacturing Sector Contracts For First Time In 11 Months

07/01/2021 - 03:27:00 (RTTNews)

(RTTNews) - India's manufacturing sector contracted for the first time in eleven months in June, due to the intensification of the pandemic and strict containment measures, survey results from IHS Markit showed on Thursday.

The headline IHS Markit manufacturing Purchasing Managers' Index, or PMI, fell to 48.1 in June from 50.8 in May.

The sector shrank for the first time since July last year. Any reading below 50 indicates contraction in the sector.

"The intensification of the COVID-19 crisis in India had a detrimental impact on the manufacturing economy," Pollyanna De Lima, an economics associate director at IHS Markit, said.

New orders declined in June and new export orders fell for the first time in ten months. Output decreased in June ending a ten-month sequence of growth.

Buying levels declined at a pace that was among the fastest rates on record in June. Employment fell marginally and backlogs of work decreased for the second straight month.

Suppliers' delivery time lengthened slightly in June.

Input cost rose further in June and the rate of inflation was the joint-lowest in five months. Output prices continued to rise but the rate was at a three-month low.

Business confidence weakened slightly in June due to the uncertainty over the pandemic.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal GDP Rebounds In Q2 (52 min(s), 21 sec(s) ago)
(RTTNews) - Portugal's economy expanded in the second quarter after contracting in the previou ...Full Story»

Austria Economy Rebounds In Q2 (01 hr(s), 10 min(s), 21 sec(s) ago)
(RTTNews) - Austria's economy rebounded strongly in the second quarter to exit a recession, pr ...Full Story»

U.S. Consumer Sentiment Drops Slightly Less Than Initially Estimated In July (02 hr(s), 19 min(s), 21 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Chicago Business Barometer Unexpectedly Indicates Faster Growth In July (02 hr(s), 40 min(s), 21 sec(s) ago)
(RTTNews) - A report released by MNI Indicators on Friday unexpectedly showed a notable accelerati ...Full Story»

Italy GDP Growth Accelerates In Q2 (03 hr(s), 36 min(s), 21 sec(s) ago)
(RTTNews) - Italy's economy expanded at a faster pace in the second quarter, the preliminary e ...Full Story»

U.S. Personal Income Unexpectedly Inches Higher In June (03 hr(s), 43 min(s), 21 sec(s) ago)
(RTTNews) - Personal income in the U.S. expectedly saw a slight increase in the month of June, acc ...Full Story»

Eurozone Economy Bounces Back From Pandemic Driven Downturn (03 hr(s), 51 min(s), 21 sec(s) ago)
(RTTNews) - The euro area economy recovered in the second quarter, after two straight quarters of ...Full Story»

U.S. Personal Income Unexpectedly Inches Up 0.1% In June (04 hr(s), 22 min(s), 21 sec(s) ago)
(RTTNews) - Personal income in the U.S. expectedly saw a slight increase in the month of June, acc ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal GDP Rebounds In Q2

07/30/2021 - 12:07 PM (RTTNews)
(RTTNews) - Portugal's economy expanded in the second quarter after contracting in the previou ...Full Story>>

Austria Economy Rebounds In Q2

07/30/2021 - 11:49 AM (RTTNews)
(RTTNews) - Austria's economy rebounded strongly in the second quarter to exit a recession, pr ...Full Story>>

U.S. Consumer Sentiment Drops Slightly Less Than Initially Estimated In July

07/30/2021 - 10:40 AM (RTTNews)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story>>

Chicago Business Barometer Unexpectedly Indicates Faster Growth In July

07/30/2021 - 10:19 AM (RTTNews)
(RTTNews) - A report released by MNI Indicators on Friday unexpectedly showed a notable accelerati ...Full Story>>

Italy GDP Growth Accelerates In Q2

07/30/2021 - 09:23 AM (RTTNews)
(RTTNews) - Italy's economy expanded at a faster pace in the second quarter, the preliminary e ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.