The Nikkei India Manufacturing PMI dropped to a six-month low of 52.6 in March 2019 from 54.3 in the preceding month and missing market expectations of 53.9. Both output and new orders expanded the least in six months and new export order growth eased. Also, buying levels increased the least in the current ten-month sequence of rise and employment advanced at the weakest rate in eight months. There was evidence of mild capacity pressures as outstanding business increased again. Still, the pace of backlog accumulation was marginal and was the weakest in the current five-month sequence of growth. On the price front, softer increases in input costs and output charges were registered. In both cases, rates of inflation were below their respective long-run averages. Looking ahead, sentiment strengthened to a seven-month high, amid hopes on favorable public policies after the elections as well as plans on marketing initiatives and capacity expansion. Manufacturing PMI in India is reported by Markit Economics.

Manufacturing PMI in India is expected to be 51.80 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in India to stand at 52.30 in 12 months time. In the long-term, the India Manufacturing PMI is projected to trend around 53.00 in 2020, according to our econometric models.

India Manufacturing PMI
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India Business Last Previous Highest Lowest Unit
Business Confidence 113.50 116.20 127.50 96.40 Index Points [+]
Manufacturing PMI 52.60 54.30 55.00 47.90 [+]
Services PMI 52.00 52.50 57.50 44.60 Index Points [+]
Industrial Production 0.10 1.40 19.90 -7.20 percent [+]
Industrial Production Mom -5.00 0.10 14.80 -14.20 percent [+]
Manufacturing Production -0.30 1.00 24.30 -9.10 percent [+]
Changes in Inventories 380.27 392.51 731.25 184.29 INR Billion [+]
Car Production 237936.00 239361.00 292861.00 7277.00 Units [+]
Car Registrations 251130.00 226322.00 304900.00 6508.00 [+]
Internet Speed 6492.06 5567.50 6492.06 784.09 KBps [+]
IP Addresses 9378846.00 9261013.00 14278593.00 1768679.00 IP [+]
Mining Production 2.00 3.90 13.00 -17.50 percent [+]
Steel Production 8738.00 9180.00 9227.00 713.00 Thousand Tonnes [+]
Cement Production 28511.00 29859.00 29859.00 9355.00 Thousands of Tonnes [+]
Capacity Utilization 74.80 73.80 83.20 71.00 percent [+]
Competitiveness Index 62.02 60.83 62.02 4.20 Points [+]
Competitiveness Rank 58.00 63.00 71.00 42.00 [+]
Composite Pmi 52.70 53.80 55.40 46.00 [+]
Corruption Index 41.00 40.00 41.00 26.30 Points [+]
Corruption Rank 78.00 81.00 95.00 35.00 [+]
Ease of Doing Business 77.00 100.00 139.00 77.00 [+]


India Manufacturing PMI

The Nikkei India Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 500 manufacturing companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for - India Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
52.60 54.30 55.00 47.90 2012 - 2019 Monthly
SA




Country Last Previous
Australia 51.00 Mar/19
Brazil 52.80 Mar/19
Canada 50.50 Mar/19
China 50.80 Mar/19
Euro Area 47.80 Apr/19
France 49.60 Apr/19
Germany 44.50 Apr/19
India 52.60 Mar/19
Indonesia 51.20 Mar/19
Italy 47.40 Mar/19
Japan 49.50 Apr/19
Mexico 49.80 Mar/19
Netherlands 52.50 Mar/19
Russia 52.80 Mar/19
Saudi Arabia 56.80 Mar/19
Singapore 50.80 Mar/19
South Africa 45.00 Mar/19
South Korea 48.80 Mar/19
Spain 50.90 Mar/19
Switzerland 50.30 Mar/19
Turkey 47.20 Mar/19
United Kingdom 55.10 Mar/19
United States 52.40 Apr/19


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