India Nikkei/IHS Markit June manufacturing index 3 July
- lowest in 4 months
- weak demand cited with a slowdown in output and new orders
- outlook for manufacturers lower
- new-orders sub index 51.3 vs 52.6 prev, lowest since Feb
Factory activity has recovered since December when it contracted for the first time in a year when PM Modi removed high-denomination ccy notes, leading to a fall in demand.
Latest data somewhat soggy again now.
