India’s manufacturing PMI remains at 55.5 in April

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India’s manufacturing PMI remains at 55.5 in April

timestampMay 03, 2021 authorAlShorts Web Desk

India’s manufacturing sector was flat in April following growth rates for new orders and output eased to an eight-month low. The sector’s Purchasing Managers’ Index (PMI) remained stable in April at 55.5 as economic condition in the sector remained static during the month. The manufacturing PMI of above 50 indicates expansion, while score below 50 indicates contraction.

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