RECOVERY REMAINS UNEVEN

>Factory output contracts to 48.1

in June, lowest in 11 months

Services PMI declines to 41.2 from an already depressed 46.4 in May

>Both indicators are below

the 50 level, which separates

growth from contraction

>Air cargo growth, air passenger traffic see sequential contraction in May >Total volume of e-way bills

rises 37.1% in June

>8 core sectors saw output

rising 16.8% YOY in May ;8%

lower than pre-covid level >Power consumption growth improves to 4.5% sequentially in June

>Rail freight continues to sustain its momentum, with freight loading higher by 11% in June