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.

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India Manufacturing PMI


Related Last Previous Unit Reference
Services PMI 58.40 55.20 points Oct/21
Manufacturing PMI 55.90 53.70 points Oct/21
Composite PMI 58.70 55.30 points Oct/21

News Stream
India Manufacturing PMI Rises to 8-Month High
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 pace since February, amid the easing of COVID-19 restrictions, with both output and new orders expanding at the fastest rate in seven months. Also, new export orders increased at a solid pace that was the quickest in three months. However, employment continued to decline, with the rate of job shedding 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.
2021-11-01
India Manufacturing Growth Beats Forecasts
The IHS Markit India Manufacturing PMI increased to 53.7 in September 2021 from 52.3 a month earlier and above market consensus of 51.8, indicating a stronger expansion in overall business conditions across the sector. Both output and new orders expanded at a faster rate, amid the easing of COVID-19 restrictions. Meanwhile, new export orders increased at a faster pace, though one that was modest overall. At the same time, employment little-changed, as many firms reported the compliance of government guidelines surrounding shift work. Prices data showed input cost inflation accelerated to a five-month high, due to a faster rise in fuel, raw material and transportation prices. Output prices, however, increased at a slower and only moderate rate. Lastly, business confidence improved.
2021-10-01
India Manufacturing Growth Eases in August
The IHS Markit India Manufacturing PMI declined to 52.3 in August 2021 from 55.3 a month earlier and below market consensus of 55, indicating a softer rate of growth that was subdued in the context of historical survey data. Both output and new orders growth eased, amid the coronavirus pandemic and rising input prices. Meanwhile, new export orders increased, with the pace of expansion was only marginal. At the same time, employment slipped back into contractionary in August, after growing in July for the first time in 16 months, with backlogs declined at a slight pace. Prices data showed input cost inflation eased, while output cost inflation accelerated to a three-month high, but was below that seen for input costs. Lastly, business confidence remained subdued, due to concerns surrounding the damaging impact of COVID-19 on demand and firms' finances.
2021-09-01

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.