India Manufacturing PMI

The Nikkei India Manufacturing PMI increased unexpectedly to 54.3 in February 2019 from 53.9 in a month earlier and beating market expectations of 53.5. The latest reading pointed to the strongest pace of expansion in the manufacturing sector since December 2017, boosted by a sharp and accelerated increase in both output and employment. Also, there was a marked and accelerated upturn in new export work, with a number of panellists indicated the acceptance of bulk orders from clients in key export destinations. In addition, input buying rose solidly and there was a modest accumulation in preproduction inventories, though stocks of finished goods decreased as firms utilised them to fulfil orders. In term of prices, both input cost and output charge inflation remained subdued by historical standards, despite picking up from January. Manufacturing PMI in India is reported by Markit Economics.

Manufacturing PMI in India is expected to be 51.90 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 51.40 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.

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India Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	116.20	115.00	127.50	96.40	Index Points	[+]
Manufacturing PMI	54.30	53.90	55.00	47.90		[+]
Services PMI	52.50	52.20	57.50	44.60	Index Points	[+]
Industrial Production	1.70	2.60	19.90	-7.20	percent	[+]
Industrial Production Mom	0.40	6.20	14.80	-14.20	percent	[+]
Manufacturing Production	1.30	2.90	24.30	-9.10	percent	[+]
Changes in Inventories	380.27	392.51	731.25	184.29	INR Billion	[+]
Car Production	239361.00	253744.00	292861.00	7277.00	Units	[+]
Car Registrations	226322.00	235295.00	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	3.90	-1.00	13.00	-17.50	percent	[+]
Steel Production	9180.00	9010.00	9227.00	713.00	Thousand Tonnes	[+]
Cement Production	29859.00	28877.00	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	53.80	53.60	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 March of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	54.30	53.90	55.00	47.90	2012 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	54.00	Feb/19	52.5	62.5 : 29.47
Brazil	53.40	Feb/19	52.7	53.5 : 41.6
Canada	52.60	Feb/19	53	57.1 : 47.5
China	49.90	Feb/19	48.3	52.3 : 47.2
Euro Area	49.30	Feb/19	50.5	60.6 : 33.5
France	51.50	Feb/19	51.2	58.8 : 42.7
Germany	47.60	Feb/19	49.7	63.3 : 32
India	54.30	Feb/19	53.9	55 : 47.9
Indonesia	50.10	Feb/19	49.9	58.5 : 46.4
Italy	47.70	Feb/19	47.8	59 : 47.7
Japan	48.90	Feb/19	50.3	56.2 : 29.6
Mexico	52.60	Feb/19	50.9	57.1 : 49.2
Netherlands	52.70	Feb/19	55.1	63.4 : 48
Russia	50.10	Feb/19	50.9	54.7 : 47.6
Saudi Arabia	56.60	Feb/19	56.2	61.8 : 51.4
Singapore	50.40	Feb/19	50.7	53.1 : 48.3
South Africa	46.20	Feb/19	49.9	60.87 : 35.09
South Korea	47.20	Feb/19	48.3	52.6 : 45.7
Spain	49.90	Feb/19	52.4	56.1 : 41.1
Switzerland	55.40	Feb/19	54.3	66.9 : 32.8
Turkey	46.40	Feb/19	44.2	55.7 : 42.7
United Kingdom	52.00	Feb/19	52.6	61.5 : 34.4
United States	53.00	Feb/19	54.9	57.9 : 50.7