New Delhi, May 7 -- India's manufacturing sector's performance eased to an eight-month low in April. The Nikkei India Manufacturing Purchasing Managers' Index registered a reading of 51.8 in April, against the 52.6 in March. According to the report, a softer increase in new orders created a domino effect in the sector, restricting growth of output, employment, input buying and business sentiment. This softening manufacturing expansion suggests that producers are hardly gearing up for a rebound.
The services sector's performance was also not encouraging in the month. According to the Nikkei India Services Business Activity Index, weak demand conditions hit the sector, with rates of new business and output growth both cooling to seven-month ...