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India's PMI plummeted in April may affect foreign trade orders of electromagnetic flowmeter


For the first time in history! India four Monthly service industry PMI Plummeted to single digits five point four , implying gross domestic product Or atrophy 15% Such data may affect electromagnetic flowmeter The number of foreign trade orders will be greatly reduced or will be inevitable.

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As a country with a large population, India is also a potential consumer country. Although the industrial proportion is not very high, but the potential is still not low. The foreign trade orders of electromagnetic flowmeter products account for 40% of all foreign trade orders of our company at present.

The dominant service industry in India four The collapse in January showed a massive contraction in India's economy during the blockade against the epidemic. Purchasing manager index of service industry (PMI) An abnormally large decline means that the industry may be affected in the longer term because the blockade will only be relaxed in phases, and factories are more likely to open earlier than industries such as hotels and retail.

Manufacturing activity also fell sharply, with the composite Purchasing Managers Index dropping from three Month's fifty point six Drop to seven point two PMI For the first time, the data truly reflect three The devastating impact on India's economy of the anti epidemic blockade and nationwide closures that took effect in the last week of June. At the end of the article, Yijia small editor hopes that the world can get rid of the impact of the epidemic as soon as possible, and restore the economic and other indicators to the previous state as soon as possible.


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