India Manufacturing PMI - Forecast

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 51.80 in 12 months time. In the long-term, the India Manufacturing PMI is projected to trend around 51.20 in 2020, according to our econometric models.


India Manufacturing PMI
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India Business Last Q3/18 Q4/18 Q1/19 Q2/19 2020
Business Confidence 59.7 56.5 57 57.4 57.49 59
Manufacturing PMI 53.1 51.8 52.1 51.9 51.8 51.2
Services PMI 52.6 51 52.1 50.4 51.5 51.9
Industrial Production 3.2 3.7 4.1 4.8 4.5 6.5
Industrial Production Mom 4.8 -0.47 -0.17 0.3 0.55 0.87
Manufacturing Production 2.8 2.2 4.1 6.2 4.8 5.6
Changes in Inventories 259 300 319 333 344 369
Car Production 232042 260114 218189 262936 230628 238720
Car Registrations 246637 253652 252074 252324 252336 252315
Internet Speed 6492 11003 11681 12339 12979 18445
IP Addresses 9378846 9484147 9485862 9489341 9489453 9490569
Mining Production 5.7 2.5 2.8 2.3 1.7 2.1
Steel Production 8822 8723 8792 8824 8803 8802
Cement Production 25871 23425 27460 29690 26097 29791
Competitiveness Index 4.59 4.61 4.61 4.59 4.58 5.51
Competitiveness Rank 40 44 44 39 38 51
Composite Pmi 53.3 51.67 53 51.64 51.58 51.6
Corruption Index 40 40 40 40 40 42
Corruption Rank 81 83 74 84 83 72
Ease of Doing Business 100 128 128 115 116 126