India Manufacturing PMI

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.

Historical
Forecast

1Y 5Y 10Y MAX

width

height

Preview

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

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	[+]

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	Range
Australia	53.10	Aug/19	51.3	62.5 : 29.47
Brazil	52.50	Aug/19	49.9	53.5 : 41.6
Canada	49.10	Aug/19	50.2	57.1 : 47.5
China	50.40	Aug/19	49.9	52.3 : 47.2
Euro Area	47.00	Aug/19	46.5	60.6 : 33.5
France	51.10	Aug/19	49.7	58.8 : 42.7
Germany	43.50	Aug/19	43.2	63.3 : 32
India	51.40	Aug/19	52.5	55 : 47.9
Indonesia	49.00	Aug/19	49.6	58.5 : 46.4
Italy	48.70	Aug/19	48.5	59 : 47.4
Japan	49.30	Aug/19	49.4	56.2 : 29.6
Mexico	49.00	Aug/19	49.8	57.1 : 49
Netherlands	51.60	Aug/19	50.7	63.4 : 48
Russia	49.10	Aug/19	49.3	54.7 : 47.6
Saudi Arabia	57.00	Aug/19	56.6	61.8 : 51.4
Singapore	49.90	Aug/19	49.8	53.1 : 48.3
South Africa	45.70	Aug/19	52.1	60.87 : 35.09
South Korea	49.00	Aug/19	47.3	52.6 : 45.7
Spain	48.80	Aug/19	48.2	56.1 : 41.1
Switzerland	47.20	Aug/19	44.7	66.9 : 32.8
Turkey	48.00	Aug/19	46.7	55.7 : 42.7
United Kingdom	47.40	Aug/19	48	61.5 : 34.4
United States	50.30	Aug/19	50.4	57.9 : 50.3