India's factory activity falters in November as Covid-19 fears persist: PMI


India’s manufacturing recovery faltered in November as coronavirus fears weighed on demand and output, prompting firms to cut jobs for the eighth month in a row, a survey showed. Asia’s third-largest economy and the second most affected country by the pandemic contracted 7.

5% in the July-September quarter, compared to a record 23.9% slump in the previous quarter amid some signs of a recovery in manufacturing, official data showed on Friday.  But the Nikkei Manufacturing Purchasing Managers’ Index, compiled.....

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