Manufacturing PMI recovers to 3-month high
The Hindu
First uptick in employment after 15 months of job losses in the sector
NEW DELHI India’s manufacturing sector stopped shedding jobs for the first time in 15 months even as it registered its best performance in three months in July after contracting sharply in June, as per IHS Markit’s Purchasing Managers’ Index. India’s manufacturing PMI, which had slipped into a contraction for the first time in 11 months to 48.1 in June, recovered to 55.3 with a marginal increase in employment during July, though the firm said it is premature to call it a complete rebound in the manufacturing jobs market.
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