India Services PMI  2012-2017 | Data | Chart | Calendar | Forecast | News

The Nikkei Services PMI in India plunged to 45.9 in July of 2017 from 53.1 in June. It was the first contraction in services activity since January and the sharpest since September 2013 following the implementation of the goods and services tax (GST). Output and new orders declined for the first time since January, with rates of reduction the fastest since September 2013. This had an adverse effect on the labour market, with employment contracting over the month. Meantime, outstanding business increased at the fastest rate in five months. On the price front, input cost inflation eased while charges were raised the most since early-2013. As the new tax regime becomes clearer, firms seem convinced that prospect will brighten, with confidence for the year ahead climbing to an 11-month high. Services PMI in India is reported by Markit Economics.

India Services PMI
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India Business Last Previous Highest Lowest Unit
Business Confidence 57.20 54.10 71.80 45.70 [+]
Services PMI 45.90 53.10 57.50 44.60 Index Points [+]
Manufacturing PMI 47.90 50.90 55.00 47.90 [+]
Industrial Production -0.10 2.80 20.00 -7.20 percent [+]
Industrial Production Mom -10.30 9.10 14.90 -14.10 percent [+]
Manufacturing Production -0.40 2.60 24.30 -9.10 percent [+]
Changes in Inventories 768.62 690.29 768.62 184.29 INR Billion [+]
Car Production 214942.00 237378.00 292861.00 7277.00 Units [+]
Car Registrations 195854.00 232001.00 304900.00 6508.00 Cars [+]
Cement Production 24591.00 25397.00 26821.00 9355.00 Thousands of Tonnes [+]
Competitiveness Index 4.52 4.31 4.52 4.20 Points [+]
Competitiveness Rank 39.00 55.00 71.00 39.00 [+]
Composite Pmi 46.00 52.70 55.40 46.00 [+]
Corruption Index 40.00 38.00 40.00 26.30 Points [+]
Corruption Rank 79.00 76.00 95.00 35.00 [+]
Ease of Doing Business 130.00 131.00 139.00 130.00 [+]
Steel Production 7950.00 8500.00 9000.00 713.00 Thousand Tonnes [+]
Mining Production 0.40 0.20 13.00 -17.50 percent [+]
Mni Business Sentiment 66.00 62.80 71.20 47.50 [+]


India Services PMI Notes

The Nikkei India Services PMI (Purchasing Managers' Index) is based on data compiled from monthly replies to questionnaires sent to purchasing executives in around 350 private service sector companies. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for - India Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. India Services PMI - actual data, historical chart and calendar of releases - was last updated on August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
45.90 53.10 57.50 44.60 2012 - 2017 Index Points Monthly



services pmi by Country

Last
Australia 56.40 Jul/17
Brazil 48.80 Jul/17
China 51.50 Jul/17
Euro Area 55.40 Jul/17
France 56.00 Jul/17
Germany 53.10 Jul/17
India 45.90 Jul/17
Italy 56.30 Jul/17
Japan 52.00 Jul/17
Russia 52.60 Jul/17
Spain 57.60 Jul/17
United Kingdom 53.80 Jul/17
United States 54.70 Jul/17