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    HomeNewsOpinionChart of the Day | PMI survey shows manufacturing activity declined at a faster pace in July

    Chart of the Day | PMI survey shows manufacturing activity declined at a faster pace in July

    Eliot Kerr, Economist at IHS Markit, said: "The survey results showed a re-acceleration of declines in the key indices of output and new orders, undermining the trend towards stabilisation seen over the past two months. Anecdotal evidence indicated that firms were struggling to obtain work, with some of their clients remaining in lockdown, suggesting that we won't see a pick-up in activity until infection rates are quelled and restrictions can be further removed.”

    Moneycontrol Opinion
    August 04, 2020 / 20:37 IST
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