The IHS Markit India Manufacturing PMI increased to 55.9 in October 2021 from 53.7 a month earlier and above market consensus of 54. This marked the fourth straight month of expansion and the strongest growth since February, as both output and new orders expanded at the fastest rate in seven months, amid the easing of COVID-19 restrictions. New export orders increased at a solid pace that was the quickest in three months. Meanwhile, employment continued to decline, with the rate of job shedding was marginal. Prices data showed input cost inflation jumped to a 92-month high, due to a faster rise in prices of chemicals, fabric, electronic component, oil, plastic and transportation costs. Meanwhile, output prices increased marginally. Lastly, business confidence improved at a near-record rate, amid strong input buying growth. source: Markit Economics
Manufacturing PMI in India averaged 51.87 points from 2012 until 2021, reaching an all time high of 58.90 points in October of 2020 and a record low of 27.40 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Manufacturing PMI in India is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the India Manufacturing PMI is projected to trend around 51.00 points in 2022 and 50.90 points in 2023, according to our econometric models.