India Manufacturing PMI

The Nikkei India Manufacturing PMI rose unexpectedly to a four-month high of 53.1 in October 2018 from 52.2 in September and beating market forecasts of 51.9. Output growth accelerated to the second-highest registered in the year-to-date, new orders rise the most since June and employment grew at the fastest rate since last December. Meantime, buying activity increase for the fifth month running, which was broadly similar to the moderate pace noted in September. Meanwhile, new export orders rose the least in three months and was below the long-run series average. Price gauges continued to point to upward inflationary pressures, but were similar to September’s readings. Inventory trends varied, with companies utilising stocks of finished goods to satisfy greater demand while rebuilding their input holdings. Regarding sentiment, it softened to the lowest in 20 months. Manufacturing PMI in India is reported by Markit Economics.

Manufacturing PMI in India is expected to be 52.10 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 52.00 in 12 months time. In the long-term, the India Manufacturing PMI is projected to trend around 52.80 in 2020, according to our econometric models.

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India Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	64.90	60.10	71.80	45.70	Index Points	[+]
Manufacturing PMI	53.10	52.20	55.00	47.90		[+]
Services PMI	52.20	50.90	57.50	44.60	Index Points	[+]
Industrial Production	4.50	4.70	19.90	-7.20	percent	[+]
Industrial Production Mom	0.60	1.70	14.80	-14.20	percent	[+]
Manufacturing Production	4.60	5.10	24.30	-9.10	percent	[+]
Changes in Inventories	237.18	258.73	731.25	184.29	INR Billion	[+]
Car Production	249913.00	251411.00	292861.00	7277.00	Units	[+]
Car Registrations	242233.00	263059.00	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	0.20	-0.50	13.00	-17.50	percent	[+]
Steel Production	8520.00	8839.00	9227.00	713.00	Thousand Tonnes	[+]
Cement Production	25625.00	25657.00	28579.00	9355.00	Thousands of Tonnes	[+]
Competitiveness Index	62.02	60.83	62.02	4.20	Points	[+]
Competitiveness Rank	58.00	63.00	71.00	42.00		[+]
Composite Pmi	53.00	51.60	55.40	46.00		[+]
Corruption Index	40.00	40.00	40.00	26.30	Points	[+]
Corruption Rank	81.00	79.00	95.00	35.00		[+]
Ease of Doing Business	77.00	100.00	139.00	77.00		[+]

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 November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	53.10	52.20	55.00	47.90	2012 - 2018		Monthly	SA

Country	Last		Previous	Highest	Lowest
Australia	58.30	Oct/18	59	63.1	30.86	Monthly
Brazil	51.10	Oct/18	50.9	53.5	41.6	Monthly
Canada	53.90	Oct/18	54.8	57.1	47.5	Monthly
China	50.10	Oct/18	50	52.3	47.2	Monthly
Euro Area	52.00	Oct/18	53.2	60.6	33.5	Monthly
France	51.20	Oct/18	52.5	58.8	42.7	Monthly
Germany	52.20	Oct/18	53.7	63.3	32	Monthly
India	53.10	Oct/18	52.2	55	47.9	Monthly
Indonesia	50.50	Oct/18	50.7	58.5	46.4	Monthly
Italy	49.20	Oct/18	50	59	48	Monthly
Japan	52.90	Oct/18	52.5	56.2	29.6	Monthly
Mexico	50.70	Oct/18	51.7	57.1	49.2	Monthly
Netherlands	57.10	Oct/18	59.8	63.4	48	Monthly
Russia	51.30	Oct/18	50	54.7	47.6	Monthly
Saudi Arabia	53.80	Oct/18	53.4	61.8	51.4	Monthly
Singapore	51.90	Oct/18	52.4	53.1	48.3	Monthly
South Africa	42.40	Oct/18	44.5	60.87	35.09	Monthly
South Korea	51.00	Oct/18	51.3	52.6	45.7	Monthly
Spain	51.80	Oct/18	51.4	56.1	41.1	Monthly
Switzerland	57.40	Oct/18	59.7	66.9	32.9	Monthly
Turkey	44.30	Oct/18	42.7	55.7	42.7	Monthly
United Kingdom	51.10	Oct/18	53.6	61.5	34.4	Monthly
United States	55.70	Oct/18	55.6	57.9	50.7	Monthly