The Nikkei India Manufacturing PMI rose unexpectedly to a four-month high of 53.1 in October 2018 from 52.2 in September and beating market forecasts of 51.9. Output growth accelerated to the second-highest registered in the year-to-date, new orders rise the most since June and employment grew at the fastest rate since last December. Meantime, buying activity increase for the fifth month running, which was broadly similar to the moderate pace noted in September. Meanwhile, new export orders rose the least in three months and was below the long-run series average. Price gauges continued to point to upward inflationary pressures, but were similar to September’s readings. Inventory trends varied, with companies utilising stocks of finished goods to satisfy greater demand while rebuilding their input holdings. Regarding sentiment, it softened to the lowest in 20 months. Manufacturing PMI in India is reported by Markit Economics.

Manufacturing PMI in India is expected to be 52.10 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 52.00 in 12 months time. In the long-term, the India Manufacturing PMI is projected to trend around 52.80 in 2020, according to our econometric models.

India Manufacturing PMI
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India Business Last Previous Highest Lowest Unit
Business Confidence 64.90 60.10 71.80 45.70 Index Points [+]
Manufacturing PMI 53.10 52.20 55.00 47.90 [+]
Services PMI 52.20 50.90 57.50 44.60 Index Points [+]
Industrial Production 4.50 4.70 19.90 -7.20 percent [+]
Industrial Production Mom 0.60 1.70 14.80 -14.20 percent [+]
Manufacturing Production 4.60 5.10 24.30 -9.10 percent [+]
Changes in Inventories 237.18 258.73 731.25 184.29 INR Billion [+]
Car Production 249913.00 251411.00 292861.00 7277.00 Units [+]
Car Registrations 242233.00 263059.00 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 0.20 -0.50 13.00 -17.50 percent [+]
Steel Production 8520.00 8839.00 9227.00 713.00 Thousand Tonnes [+]
Cement Production 25625.00 25657.00 28579.00 9355.00 Thousands of Tonnes [+]
Competitiveness Index 62.02 60.83 62.02 4.20 Points [+]
Competitiveness Rank 58.00 63.00 71.00 42.00 [+]
Composite Pmi 53.00 51.60 55.40 46.00 [+]
Corruption Index 40.00 40.00 40.00 26.30 Points [+]
Corruption Rank 81.00 79.00 95.00 35.00 [+]
Ease of Doing Business 77.00 100.00 139.00 77.00 [+]


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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
53.10 52.20 55.00 47.90 2012 - 2018 Monthly
SA




Country Last
Australia 58.30 Oct/18
Brazil 51.10 Oct/18
Canada 53.90 Oct/18
China 50.10 Oct/18
Euro Area 52.00 Oct/18
France 51.20 Oct/18
Germany 52.20 Oct/18
India 53.10 Oct/18
Indonesia 50.50 Oct/18
Italy 49.20 Oct/18
Japan 52.90 Oct/18
Mexico 50.70 Oct/18
Netherlands 57.10 Oct/18
Russia 51.30 Oct/18
Saudi Arabia 53.80 Oct/18
Singapore 51.90 Oct/18
South Africa 42.40 Oct/18
South Korea 51.00 Oct/18
Spain 51.80 Oct/18
Switzerland 57.40 Oct/18
Turkey 44.30 Oct/18
United Kingdom 51.10 Oct/18
United States 55.70 Oct/18


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