Bengaluru: Activity in India’s manufacturing sector eased to a four-month low in June amid a slowdown in output and new orders as softer domestic consumption partly offset strong foreign demand, a private business survey showed on Monday. Manufacturing growth slowed last month largely as domestic consumption cooled even as external demand remained solid. “For the third month in a row, production growth in India eased during June. The slowdown occurred due to weak client demand, with order books up at a slight and softer pace,” said Pollyanna de Lima, economist at IHS Markit. On the brighter side, recovery in foreign demand for Indian manufactured goods helped drive export orders to an eight-month high in June, after a contraction in May.

Source: Mint July 03, 2017 05:48 UTC