The IHS Markit India Manufacturing PMI dropped to 51.4 in August 2019 from 52.5 in the previous month and below market expectations of 52.2. The latest reading pointed to the weakest pace of expansion in the manufacturing sector since May 2018, as output rose the least in a year and new order growth slowed to a 15-month low, with overseas sales increasing at the softest rate since April 2018. At the same time, purchasing activity fell for the first time in 15 months. Subsequently, holdings of raw materials and semi-finished items declined, ending a 17-month period of accumulation. Meanwhile, employment rose only marginally, while backlogs of works were unchanged. On the price front, inflation accelerated to a nine-month high, though remained moderate and below its long-run average. Lastly, business sentiment strengthened to a 16-month high, amid hopes of a pick-up in demand and marketing efforts. Manufacturing PMI in India is reported by Markit Economics.

Manufacturing PMI in India is expected to be 52.00 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 51.00 in 12 months time. In the long-term, the India Manufacturing PMI is projected to trend around 51.00 in 2020, according to our econometric models.

India Manufacturing PMI
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India Business Last Previous Highest Lowest Unit
Business Confidence 112.80 113.50 127.50 96.40 Index Points [+]
Manufacturing PMI 51.40 52.50 55.00 47.90 [+]
Services PMI 52.40 53.80 57.50 44.60 Index Points [+]
Industrial Production 4.30 1.20 19.90 -7.20 percent [+]
Industrial Production Mom 1.50 -4.60 14.80 -14.20 percent [+]
Manufacturing Production 4.20 0.20 24.30 -9.10 percent [+]
Changes in Inventories 390.39 417.62 731.25 184.29 INR Billion [+]
Car Production 195138.00 217682.00 292861.00 7277.00 Units [+]
Car Registrations 178490.00 183425.00 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 4.90 1.50 13.00 -17.50 percent [+]
Steel Production 9215.00 9336.00 9412.00 713.00 Thousand Tonnes [+]
Cement Production 28084.00 28392.00 33124.00 9355.00 Thousands of Tonnes [+]
Capacity Utilization 76.10 75.90 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 52.60 53.90 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 [+]
Deposit Growth 9.70 10.20 29.30 2.70 percent [+]
Ease of Doing Business 77.00 100.00 139.00 77.00 [+]
Electricity Production 266308.00 241842.00 266308.00 27666.00 Gigawatt-hour [+]


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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.40 52.50 55.00 47.90 2012 - 2019 Monthly
SA




Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19


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