India Manufacturing PMI

The Nikkei India Manufacturing PMI dropped to a six-month low of 52.6 in March 2019 from 54.3 in the preceding month and missing market expectations of 53.9. Both output and new orders expanded the least in six months and new export order growth eased. Also, buying levels increased the least in the current ten-month sequence of rise and employment advanced at the weakest rate in eight months. There was evidence of mild capacity pressures as outstanding business increased again. Still, the pace of backlog accumulation was marginal and was the weakest in the current five-month sequence of growth. On the price front, softer increases in input costs and output charges were registered. In both cases, rates of inflation were below their respective long-run averages. Looking ahead, sentiment strengthened to a seven-month high, amid hopes on favorable public policies after the elections as well as plans on marketing initiatives and capacity expansion. Manufacturing PMI in India is reported by Markit Economics.

Manufacturing PMI in India is expected to be 51.80 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 53.00 in 2020, according to our econometric models.

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India Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	113.50	116.20	127.50	96.40	Index Points	[+]
Manufacturing PMI	52.60	54.30	55.00	47.90		[+]
Services PMI	52.00	52.50	57.50	44.60	Index Points	[+]
Industrial Production	0.10	1.40	19.90	-7.20	percent	[+]
Industrial Production Mom	-5.00	0.10	14.80	-14.20	percent	[+]
Manufacturing Production	-0.30	1.00	24.30	-9.10	percent	[+]
Changes in Inventories	380.27	392.51	731.25	184.29	INR Billion	[+]
Car Production	237936.00	239361.00	292861.00	7277.00	Units	[+]
Car Registrations	251130.00	226322.00	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	2.00	3.90	13.00	-17.50	percent	[+]
Steel Production	8738.00	9180.00	9227.00	713.00	Thousand Tonnes	[+]
Cement Production	28511.00	29859.00	29859.00	9355.00	Thousands of Tonnes	[+]
Capacity Utilization	74.80	73.80	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	52.70	53.80	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		[+]
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 April of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	52.60	54.30	55.00	47.90	2012 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	51.00	Mar/19	54	62.5 : 29.47
Brazil	52.80	Mar/19	53.4	53.5 : 41.6
Canada	50.50	Mar/19	52.6	57.1 : 47.5
China	50.80	Mar/19	49.9	52.3 : 47.2
Euro Area	47.80	Apr/19	47.5	60.6 : 33.5
France	49.60	Apr/19	49.7	58.8 : 42.7
Germany	44.50	Apr/19	44.1	63.3 : 32
India	52.60	Mar/19	54.3	55 : 47.9
Indonesia	51.20	Mar/19	50.1	58.5 : 46.4
Italy	47.40	Mar/19	47.7	59 : 47.4
Japan	49.50	Apr/19	49.2	56.2 : 29.6
Mexico	49.80	Mar/19	52.6	57.1 : 49.2
Netherlands	52.50	Mar/19	52.7	63.4 : 48
Russia	52.80	Mar/19	50.1	54.7 : 47.6
Saudi Arabia	56.80	Mar/19	56.6	61.8 : 51.4
Singapore	50.80	Mar/19	50.4	53.1 : 48.3
South Africa	45.00	Mar/19	46.2	60.87 : 35.09
South Korea	48.80	Mar/19	47.2	52.6 : 45.7
Spain	50.90	Mar/19	49.9	56.1 : 41.1
Switzerland	50.30	Mar/19	55.4	66.9 : 32.8
Turkey	47.20	Mar/19	46.4	55.7 : 42.7
United Kingdom	55.10	Mar/19	52.1	61.5 : 34.4
United States	52.40	Apr/19	52.4	57.9 : 50.7