The Nikkei India Services PMI dropped to 53.2 in December of 2018 from November's 4-month high of 53.7 while markets had estimated 52.5. New business rose at a softer pace, amid a stagnation in new export work. Meantime, employment growth accelerated to the second fastest pace since April, and the accumulation in backlogs eased to the weakest in five months. On the price front, input price inflation slowed for the third straight month to the weakest since May 2017. Factory gate charges meanwhile was little-changed, ending a 16-month period of increases. Business sentiment hit its highest in three month, supported by advertising efforts, new service offerings and predictions of an improvement in market conditions after the elections . Services PMI in India is reported by Markit Economics.

Services PMI in India is expected to be 50.40 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in India to stand at 50.50 in 12 months time. In the long-term, the India Services PMI is projected to trend around 51.90 Index Points in 2020, according to our econometric models.

India Services 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 53.20 54.00 55.00 47.90 [+]
Services PMI 53.20 53.70 57.50 44.60 Index Points [+]
Industrial Production 0.50 8.40 19.90 -7.20 percent [+]
Industrial Production Mom -4.80 3.30 14.80 -14.20 percent [+]
Manufacturing Production -0.40 8.20 24.30 -9.10 percent [+]
Changes in Inventories 245.80 237.18 731.25 184.29 INR Billion [+]
Car Production 203516.00 249913.00 292861.00 7277.00 Units [+]
Car Registrations 231082.00 242233.00 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 2.70 7.20 13.00 -17.50 percent [+]
Steel Production 8490.00 8770.00 9227.00 713.00 Thousand Tonnes [+]
Cement Production 26098.00 28372.00 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 53.60 54.50 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 Services PMI

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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.20 53.70 57.50 44.60 2012 - 2018 Index Points Monthly




Country Last Previous
Australia 52.10 Dec/18
Brazil 51.90 Dec/18
China 53.90 Dec/18
Euro Area 51.20 Dec/18
France 49.00 Dec/18
Germany 51.80 Dec/18
India 53.20 Dec/18
Italy 50.50 Dec/18
Japan 51.00 Dec/18
Russia 54.40 Dec/18
Spain 54.00 Dec/18
United Kingdom 51.20 Dec/18
United States 54.40 Dec/18


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