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.