#ManufacturingPMI for Aug2020 has went up and crossed 50 for the first time in last 5 months.
💠It clearly indicates that economy is rebooting and reviving. We have to be optimistic.
💠PMI numbers above 50 indicates exoansion and below 50 indicates contraction.
@ImSonu_Jha
💠It clearly indicates that economy is rebooting and reviving. We have to be optimistic.
💠PMI numbers above 50 indicates exoansion and below 50 indicates contraction.
@ImSonu_Jha
In April, #ManufacturingPMI plunges to 27.4 followed by 30.8 in May, 47.2 in June and 46 in July. Now it stands at 52.
The sudden fall in PMI was because of strict lockdown enforced by the GOI. Industries were at halt for 2/3rd of Apr-June Quarter nd were at complete halt before
The sudden fall in PMI was because of strict lockdown enforced by the GOI. Industries were at halt for 2/3rd of Apr-June Quarter nd were at complete halt before
It can be clearly seen from the graph 📊 that, by the time ease in lockdown were issued from GOI nd states Govt, #ManufacturingPMI number start coming back to its previous reading. It is a good sign for the economy. Hope everything will be good in coming quarter. Fingers🤞🤞 🤞
The graph below will give you the complete picture of sharp V-Shaped recovery in #PMI numbers after it crumbled down sharply in April 2020. Coming month PMI reading will decide the further expansion or contraction. Current number indicates rebooting of economy.🤞 🤞
@threadreaderapp unroll.
