Activity in the country’s manufacturing sector contracted for the first time in 11 months in June as the localised lockdowns against the backdrop of the second wave of Covid-19 hurt demand, a survey showed on Thursday. Registering 48.1 in June, below May’s 50.8, the IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was below the critical no-change mark of 50 for the first time since July 2020.
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