The IHS Markit India Manufacturing PMI decreased to 55.4 in March 2021, the lowest since last August, from 57.5 in the previous month. Still, the latest reading signaled a substantial improvement in the health of the sector that outpaced the long-run series average. Output and new orders expanded at sharp, albeit slower, rates. Also, new export orders increased further in March, stretching the current sequence of growth to seven months. Meanwhile, employment declined for a 12th straight month, due to COVID-19 restrictions and a lack of pressure on capacity. On the price front, the rate of input cost inflation was among the strongest seen over the past three years. However, selling prices increased only moderately as companies limited their adjustments to retain a competitive edge and boost sales. Finally, business sentiment weakened in March. source: Markit Economics

Manufacturing PMI in India averaged 51.80 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 April of 2021.

Manufacturing PMI in India is expected to be 52.00 points 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 51.00 points in 2022 and 50.90 points in 2023, according to our econometric models.

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India Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
55.40 57.50 58.90 27.40 2012 - 2021 points Monthly
SA


News Stream
India Manufacturing PMI Drops to 7-Month Low
The IHS Markit India Manufacturing PMI decreased to 55.4 in March 2021, the lowest since last August, from 57.5 in the previous month. Still, the latest reading signaled a substantial improvement in the health of the sector that outpaced the long-run series average. Output and new orders expanded at sharp, albeit slower, rates. Also, new export orders increased further in March, stretching the current sequence of growth to seven months. Meanwhile, employment declined for a 12th straight month, due to COVID-19 restrictions and a lack of pressure on capacity. On the price front, the rate of input cost inflation was among the strongest seen over the past three years. However, selling prices increased only moderately as companies limited their adjustments to retain a competitive edge and boost sales. Finally, business sentiment weakened in March.
2021-04-05
India Manufacturing PMI Inches Down in February
The IHS Markit India Manufacturing PMI edged down to 57.5 in February of 2021 from a three-month high of 57.7 in the previous month and matching market consensus, still signaling a strong month of expansion in the manufacturing sector. Output and new orders continued to grow at solid rates, while employment continued to decline. On the price front, input cost inflation accelerated to a 32-month high, due to a faster rise in prices of chemicals, metals, plastics and textiles. As a result, output charges rose modestly. Finally, business sentiment remained positive, amid forecasts of an improvement in economic conditions and the lifting of restrictions as the vaccination programme expands.
2021-03-01
India Manufacturing PMI Rises to 3-Month High
The IHS Markit India Manufacturing PMI increased to a three-month high of 57.7 in January of 2021 from 56.4 in the previous month and above market consensus of 56, as the economy continued to recover amid the loosening of COVID-19 restrictions. Output growth accelerated to the fastest pace since last October while new orders rose at the quickest in three months. Meantime, employment fell further, with job shedding moderated. On the price front, input cost inflation accelerated to a 28-month high. As a result, output charges rose to the fastest pace in over a year. Finally, business confidence improved on the back of vaccine rollout, increased marketing budgets and projects in the pipeline.
2021-02-01
India Manufacturing Growth Remains Strong in December
The IHS Markit India Manufacturing PMI stood at 56.4 in December 2020, little-changed from the previous month's 56.3 and slightly below market consensus of 56.6. The latest reading was consistent with a marked improvement in business conditions across the sector, as the economy continued to recover amid the loosening of COVID-19 restrictions, strengthening demand and improved market conditions. Output and new orders grew solidly, albeit at the softest pace in four months, while employment declined for a ninth straight month. On the price front, input cost inflation accelerated to a 26-month high, due to higher prices for chemicals, metals, plastics and textiles. As a result, output charges rose marginally. Finally, business confidence weakened to a four-month low as some firms were concerned about the lasting effect of the COVID-19 pandemic on the global economy.
2021-01-04

India Manufacturing PMI
The IHS Markit 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.