Manufacturing recovers in June | Sunday Observer

Manufacturing recovers in June

18 July, 2021

Manufacturing activities recovered marginally during June 2021 from the adverse impacts of the third wave of the pandemic.

The manufacturing PMI recorded an index value of 50.4 in June 2021 with an increase of 8.3 index points from the previous month, mainly driven by the strong recovery seen in New Orders. All the other sub-indices, except Suppliers’ Delivery Time, edged up from the previous month. The New Orders, especially in the manufacture of food & beverages sector, increased significantly. The Production, Employment, and Stock of Purchases sub-indices, mainly related to the food and beverages sector, edged up compared to the previous month yet remained below the neutral threshold level, owing to the disturbances from the third wave of the pandemic.